News Snapshot:
China’s housing slowdown extended last month, with new-home sales falling the most since the slump started in July as the country’s most recent Covid-19 outbreak grabbed hold. Sales by esteem dropped 29% in March from a year sooner, as per Bloomberg computations in view of year-to-date figures released Monday by the National Bureau of Statistics. Real estate development investment resumed falling with a 2.4% drop after a concise development in the first two months. Government figures delivered Monday showed financial development got in the first quarter despite the housing slowdown and weak consumption. The decline is another blow to the...
