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BEIJING, Sept 13 China's real estate investment
rose 5.4 percent over January to August from the same period a
year earlier, while the property sales area increased 25.5
percent, official data showed on Tuesday.
Investment growth, reported by the National Bureau of Statistics
(NBS), quickened slightly from an increase of 5.3 percent in the
period of January to July.
The increase in property sales area was down from 26.4 percent
in January-July a year ago.
Real estate investment, which directly affects about 40 other
business sectors in China, is considered to be a crucial driver
for the economy, which saw its slowest growth last year in a
quarter of a century.
China's housing market has rebounded this year with a flurry of
government stimulus measures coming to the rescue, but fears of
a price bubble have prompted many overheated cities to introduce
restrictions on home purchases.
Concerns are also rising over a growingly stratified housing
sector, as smaller cities still suffer from a large inventory of
(Reporting by Yawen Chen and Kevin Yao)