BEIJING Harrison Smith Hat , Dec. 14 (Xinhua) -- Both investment and sales in China's property sector slowed in the first 11 months as the market remained cool amid government policies to curb speculation.
Real estate investment rose 7.5 percent year on year in the first 11 months of 2017, down from 7.8 percent in the first 10 months, the National Bureau of Statistics (NBS) said Thursday.
Investment in residential property, which accounts for 68.4 percent of total investment in the sector Kirk Cousins Hat , rose 9.7 percent year on year, down from 9.9 percent in the first 10 months.
Property sales in terms of floor area climbed 7.9 percent in the first 11 months, retreating from 8.2 percent in the January-October period, NBS data showed.
By the end of November Adam Thielen Hat , 596.06 million square meters of property remained unsold, down by 6.53 million square meters from a month earlier.
Chinese authorities have been stepping up efforts to rein in property speculation this year after rocketing housing prices fueled asset bubble concerns, particularly in major cities.
Dozens of local governments have passed or expanded restrictions on house purchases and increased the minimum down payments required for mortgages.
The property market was also cooled by relatively tightened liquidity conditions as the government moved to contain leverage and risk in the financial system.
In October, new residential housing prices saw slower growth in 13 of the 15 major cities on a yearly basis Stefon Diggs Hat , NBS data showed. On a month-on-month basis, new residential housing prices fell in 9 of the 15 cities.
NANJING, Dec. 12 (Xinhua) -- Security officials attending an international forum on transnational oil and gas pipelines have agreed to enhance cooperation on intelligence exchange and verification.
The consensus was reached during the third Lianyungang Forum, which concluded Tuesday in the port city of Lianyungang in eastern China's Jiangsu Province.
The forum attracted representatives from law enforcement agencies in 34 countries and three international organizations.
They agreed to put in place a risk assessment and early warning mechanism to handle security threats to transnational pipelines Dru Samia Hat , in addition to a regular joint consultation mechanism.
Moreover, new platforms were proposed for information sharing and operation coordination on broader security cooperation.
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