China’s investment declined last month by the most since the pandemic while housing prices fell faster than expected, underlining pressure on policymakers to maintain momentum in the world’s second-largest economy.
Fixed asset investment declined 1.7 per cent in the year to October compared with the same period a year earlier, its weakest reading since June 2020. The figure missed forecasts of a 0.8 per cent drop and was lower than a 0.5 per cent contraction to September.
New home prices, meanwhile, fell 0.45 per cent in October from the previous month, the most since October last year and greater than a 0.4 per cent decline in September, according to data released by China’s National Bureau of Statistics on Friday.
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