A construction site of a commercial-residential building under construction in Hangzhou City, Zhejiang Province, China on June 16, 2025. On the same day, data released by the National Bureau of Statistics showed that from January to May 2025, the total investment in real estate development in China was 3623.4 billion yuan, a year-on-year decrease of 10.7% (calculated on a comparable basis); Among them, residential investment was 277.31 billion yuan, a decrease of 10.0%.
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