BEIJING, July 16 China's real estate investment
rose 14.1 percent in the first half of 2014 from a year earlier,
while revenues from property sales dropped 6.7 percent, the
National Bureau of Statistics said on Wednesday.
The rise in investment compared with an increase of 14.7
percent in the first five months of 2014. The drop in revenues
compared with a fall of 8.5 percent for January to May.
Real estate investment, which directly affects about 40
other business sectors in China, is considered to be a crucial
driver of activity in the world's second-largest economy.
(Reporting by Shao Xiaoyi and Koh Gui Qing; Editing by Clarence