China Leads $4.2 Trillion of APAC Property Investments – and more of Today’s China Real Estate Links | May 2, 2013

Here is a list of the day’s latest China real estate news collected from around the web:

• China Leads $4.2 Trillion of Asia-Pacific Property Investments

  China led a jump in investment in Asia-Pacific commercial properties to $4.2 trillion in 2012 as economic growth drove up capital values and supported new construction, according to London-based broker DTZ.

  Investors bought $300 billion of commercial property across the Asia-Pacific region, an 8 percent increase from 2011 in U.S. dollar terms, a report by DTZ showed today. China overtook Japan to become the region’s largest market with $1.5 trillion of investments, up from $1.3 trillion in 2011, DTZ said.

• China’s GDP to grow 8%: think tank

  China’s GDP is expected to expand by about 8 percent this year with CPI growing moderately at 3.4 percent, according to a report by the Chinese Academy of Social Sciences (CASS).

  The think tank said in a blue paper released on Friday that China’s economy will maintain a continuous and stable growth rate amid slow recovery of the world economy and quantitative easing policies adopted by major economies, including the United States, European countries and Japan.

• China’s industrial profits grew at a slower pace in the first quarter

  China’s industrial companies saw their profit growth eased in the first three months of the year, an indication that that the economic recovery in the world’s second-largest economy may be losing steam.

  The National Bureau of Statistics (NBS) said on its website during the weekend that net income rose 5.3 per cent to 464.9bn yuan ($75bn) from a year ago, compared to the 17.2 per cent gain in the first two months. The bureau also said that profit climbed 12.1 per cent to 1.17tn yuan in the first quarter.

• China Manufacturing Gauge Signals Slowdown Persisting: Economy

  China’s manufacturing expanded at a weaker pace in April in a sign that the slowdown in the world’s second-largest economy is extending into the second quarter.

  The Purchasing Managers’ Index was at 50.6, the National Bureau of Statistics and China Federation of Logistics and Purchasing said today in Beijing. That compared with the 50.7 median forecast of 31 analysts in a Bloomberg News survey and a March reading of 50.9. Readings above 50 signal expansion.

This list is updated daily, so tune in again tomorrow for more up to date information.