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Thematic (Sector/Industry)

China Real estate / Thematic (Sector/Industry)

China Railway Construction Corp (1186 HK)

<ul><li>New property sales in China continued to plunge in October despite government attempts to stabilize the market, with top builders faring better than their peers.</li><li>The 100 largest developers — measured by sales value in the first 10 months of the year — recorded a combined 556 billion yuan ($76.7 billion) in sales last month, down 28.4% year-on-year and 2.6% month-on-month</li><li>China’s housing market, once a piston of the country’s economic growth engine, has lost much of its drive since last year following regulatory moves to clamp down on speculation and excessive borrowing.</li></ul>

New property sales in China continued to plunge in October despite government attempts to stabilize the market, with top builders faring better than their peers.The 100 largest developers — measured by sales value in the first 10 months of the year — recorded a combined 556 billion yuan ($76.7 billion) in sales last month, down 28.4% year-on-year and 2.6% month-on-monthChina’s housing market, once a piston of the country’s economic growth engine, has lost much of its drive since last year following regulatory moves to clamp down on speculation and excessive borrowing.

China Railway Construction Cor (601186 CH)

China Merchants Shekou Industr (001979 CH)

China’s Efforts to Prop Up Property Market Fall Short