BEIJING, Nov. 15 (Xinhua) -- China's investment in property development rose 7.2 percent year on year in the first 10 months of this year, data from the National Bureau of Statistics (NBS) showed Monday.
During the period, property investment stood at around 12.49 trillion yuan (about 1.95 trillion U.S. dollars), NBS data showed.
Compared with the same period in 2019, property investment climbed 14 percent, putting the two-year average at 6.8 percent, NBS data showed.
Investment in residential buildings went up 9.3 percent from a year earlier to 9.43 trillion yuan in the first 10 months. Enditem
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