China’s ailing property sector to weigh on economy in 2015; GDP growth at slowest in 24 years

Mainland China’s property investment grew 10.5 per cent in 2014, down from the previous year’s rise of 19.8 per cent, as record high housing inventories will likely weigh down real estate this year, exacerbating a slowdown in the wider economy that saw the economy grow at

via South China Morning Post - Business feed http://ift.tt/1ulqP48