The 2018 of investments in real estate opens with a + 7.9 on an annual basis for China. This figure is certainly encouraging for the first two months of the year, also in relation to the 7.2% obtained in the same period of 2017. According to the National Bureau of Statistics, from January to February 2018 a total of 4.46 trillion yuan was invested. (about $ 700 billion).
Mao Shengyong, a spokesman for the National Bureau of Statistics, said that investment in fixed assets has continued its steady growth and the investment structure, in particular, has improved since the first month of 2018.
Specifically, it was noted that private investments increased by 8.1% (2.7 trillion yuan) and alone accounted for more than 60% of turnover for these investments.
The agricultural sector recorded a + 27.8% in the first two months, up 16 percentage points compared to 2017, while investments in the industrial sector increased by 2.4%. The service sector is also good, with a convincing + 10.2%.
As for high-tech production, this is confirmed as the best investment structure, settling at + 3.4% compared to total investment growth. The calculations in question, it is good to remember, do not include investments at the agricultural level.
Lastly, the data show that investments in property development increased 9.9% year-on-year in the first two months, compared to 7% in 2017.