The Star
The Star
  • 2 months ago
Extreme weather including heavy rain and flooding in China has impacted the country's economic growth, said the National Bureau of Statistics on Sept 14.

The troubled property sector remains a major drag on growth. China's new home prices fell at the fastest pace in more than nine years in August.

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Transcript
00:00The storm in the city is very strong.
00:02The storm in the city is very strong.
00:25In August, the situation was more complicated and severe.
00:31In August, the situation was more complicated and severe.
00:35In the face of the difficulties and challenges, the central government's decision making and implementation of the policy of macro-policy continue to be shown.
00:44In August, the national urban investigation unemployment rate was 5.3%, with a 0.1% increase compared to the last month.
00:51This is also mainly due to the impact of the impact of the impact of the impact on the focus of college graduates on the labor market.
00:56From January to August, real estate development investment decreased by 10.2%.
01:00The sales volume of the commodity house decreased by 18%, and the down payment was reduced by 0.6%.
01:09The sales volume of the commodity house decreased by 23.6%, and the down payment was reduced by 0.7%.
01:15The area of newly-opened houses decreased by 22.5%, and the down payment was reduced by 0.7%.
01:20Based on these changes, the real estate market is still under adjustment.
01:30The real estate market is still under adjustment.
01:35The real estate market is still under adjustment.
01:40The real estate market is still under adjustment.
01:45The real estate market is still under adjustment.
01:50The real estate market is still under adjustment.
01:55The real estate market is still under adjustment.
02:00The real estate market is still under adjustment.

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