In January-April this year, China's overall real estate investment amounted to RMB 1.918 trillion ($311.9 billion), up 21.1 percent year on year, with this growth rate up 0.9 percentage points compared to the year-on-year increase rate recorded in the same period last year, as announced by China's National Bureau of Statistics on May 13. In the given period, investment in residential dwellings in China amounted to RMB 1.3121 trillion ($213.3 billion), with this growth rate up 0.2 percentage points year on year, accounting for 68.4 percent of the total real estate investment figure.
Additionally, in the January-April period of the current year sales of residential buildings in China totaled RMB 1.9847 trillion ($322.7 billion), up 59.8 percent on year-on-year basis, indicating a drop of 1.5 percentage points compared to the year-on-year growth rate recorded in January-March this year.
