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China's Real Estate Investments Decline 16.2% in May

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Property investments in China fell 16.2% year over year in the first five months of the year, according to data from the National Bureau of Statistics on Tuesday.

The drop was faster than the 13.7% fall recorded in the four months ended April.

Commercial building sales by floor area dropped 10.8% year over year, while new construction starts plummeted 22.6%.

Funds available to property developers fell 19% from a year earlier to 3.28 trillion yuan, highlighting ongoing liquidity pressures in the sector.

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