China's ailing property sector to weigh on economy in 2015

The mainland's property investment grew 10.5 per cent last year, down from 19.8 per cent rise in 2013, and record high housing inventories will likely weigh down the real estate sector this year, exacerbating a slowdown in the wider economy that saw gross domestic product

via South China Morning Post - Business feed http://ift.tt/1woh3sj