Chart: China’s housing starts growth in negative territory17 May, 2012, 14:37. Posted by Zarathustra
The chart below shows that new housing starts (residential) year-to-date in terms of floor area is below what it was in the same period of last year. This points to negative impact on GDP growth figure, not only that real estate investments contributed to roughly 10% of GDP, its impact on other related industries such as steel, cement would be, although not easily quantifiable, very negative.
Source: National Bureau of Statistics