China's real estate industry has expanded for the first time since 2021.
BloomberRMB (about S $ 387.8 billion).
This is also the first time that the industry has achieved growth since the second quarter of 2021.
It is reported that the data further shows that after the government has increased its support for large developers and the restrictions on buying houses in various cities, the real estate market is stabilizing, which will help boost economic growth.According to data released by the National Bureau of Statistics on Tuesday (April 18), China's economic growth rate accelerated to 4.5 % in the first quarter.
In addition, the preliminary account of GDP also shows the strong momentum of consumption recovery in the previous quarter.In the first quarter, the GDP of accommodation and catering industry increased by 13.6%year -on -year, and the last three months last year fell 5.8%.
The data from the National Bureau of Statistics of China also shows that in the fourth quarter of last year, the wholesale and retail industry that basically flat or atrophied, as well as transportation and postal industry also achieved the number of units.
