April sales adding fuel to fears of property bubble


China Daily

Publication date: 

Wednesday, 14 May 2014


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External to ACUI

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China's home sales fell 18 percent in April amid tighter credit, adding to signs of a slowdown in the world's second-largest economy. The value of homes sold declined to 418 billion yuan ($67 billion) from 509 billion yuan in March, according to National Statistics Bureau data for the first four months of the year. The value of total sales from January to April fell 9.9 percent to 1.53 trillion yuan from a year earlier, the data showed