Property Investment Slid Further in July Amid Weakening Market

What’s new: China’s property industry showed no sign of rebounding as key business indicators including investment and sales slid again in July.

Investment in property development totaled 6.77 trillion yuan ($933 billion) from January to July, down 8.5% from the same period a year ago, data released Tuesday by the National Bureau of Statistics (NBS) showed. The decline widened from a 7.9% drop in the first six months.