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Shenzhen leads the way as China turns to property investment frenzy to boost growth

Summary:
[unable to retrieve full-text content]Property investment has surged across cities in China, especially across the border from Hong Kong in Shenzhen, even though the broad economy is still struggling amid coronavirus pandemic, a trend that runs against Beijing’s intention of channelling more funds into farms and factories instead of office towers.Investment into real estate development in Shenzhen surged 17.0 per cent from a year ago in the January-May period, accelerating from a rise of 11.6 per cent in the first four months of…

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[unable to retrieve full-text content]
Property investment has surged across cities in China, especially across the border from Hong Kong in Shenzhen, even though the broad economy is still struggling amid coronavirus pandemic, a trend that runs against Beijing’s intention of channelling more funds into farms and factories instead of office towers.Investment into real estate development in Shenzhen surged 17.0 per cent from a year ago in the January-May period, accelerating from a rise of 11.6 per cent in the first four months of…

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