China’s Real Estate Climate Index Drifted Lower in April

China’s real estate climate

Previously, we discussed that the land area purchased by real estate developers for future construction activity fell steeply in the first four months of this year. In this part, we’ll look at China’s real estate climate index. The index is updated on a monthly basis.

It measures the aggregate business activity for land and real estate. The index is useful for analyzing trends in the Chinese real estate industry. Figures above 100 indicate economic growth, while readings below 100 indicate a slowdown in China’s real estate market.

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