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BEIJING, June 13 China's real estate investment
rose 14.7 percent in the first five months of 2014 from a year
earlier, while revenues from property sales dropped 8.5 percent,
the National Bureau of Statistics said on Friday.
The rise in investment was more marked in the first four
month of the year, when it increased 16.4 percent against the
same year ago period.
The drop in revenues compared with a 7.8 percent fall for
January to April, compared with the same four months a year
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 China Economics Team; Editing by Simon