close
Wednesday April 24, 2024

China’s housing inventory is high

By our correspondents
May 05, 2016

BEIJING: China´s housing inventory is high and local governments are struggling to raise adequate levels of funding, the country´s state planner said on Wednesday.

Barriers remain for private companies in China and the country faces downward pressures on investment in the economy, the National Development and Reform Commission (NDRC) said on its website. Manufacturing companies´ ability and willingness to invest is weak.