Realty investment growth slows

Property investment growth slowed during the first six months of the year in China.

The National Bureau of Statistics said on Wednesday that real estate investment during the first six months stood at 4.2 trillion yuan ($677.2 billion), a 14.1 percent increase over the same period last year, but down from the 14.7 percent growth level achieved during the first five months.

Residential property investments, which accounted for 68.3 percent of the total sectoral investment, rose 13.7 percent to 2.87 trillion yuan compared with the same period a year ago. However, the figures declined from the 14.6 percent level achieved in the first five months.