Positive National Real Estate Development and Sales in the First Seven Months of 2020
Zhuding International Limited reports that China's real estate market is recovering, with national real estate development investment reaching 7,532.5 billion yuan in the first half of 2020, a 3.4% increase year-on-year. Residential investment specifically amounted to 5,568.2 billion yuan, up 4.1%. CEO Mulin Xiang emphasized the importance of the property market for the company’s growth and expressed a commitment to maintaining a strong liquidity position during these uncertain times, as they leverage their patented technology for building materials.
- China's real estate development investment increased by 3.4% year-on-year, indicating a recovering market.
- Residential investment rose by 4.1%, demonstrating strong demand in the sector.
- Zhuding International is positioned to benefit from the recovering property market.
- None.
FUZHOU, CHINA / ACCESSWIRE / August 31, 2020 / China's real estate market is showing signs of recovery. The production and supply continued to recover, market demands gradually picked up, and the property market will continue to heat up going forward.
According to National Bureau of Statistics of China,from January to June, the national real estate development investment was 7,532.5 billion yuan, an increase of 3.4 percent year-on-year, and the growth rate was 1.5 percentage points higher than that of January to June. Among them, residential investment was 5,568.2 billion yuan, an increase of 4.1 percent, and a growth rate of 1.5 percentage points.
"The property market is a key driver of growth for Zhuding International Limited. We will continue to take prudent and proactive actions to safely operate our business and maintain a strong liquidity position during this uncertain period while positioning our Company to succeed," said Mulin Xiang
About Zhuding International Limited (OTC PINK:ZHUD):
Zhuding International Limited operates as a building materials manufacturer. The Company uses its own patented technology to create lightweight composite wall panels suitable for use in commercial and residential construction from recycled materials derived from mining, industrial, agricultural, and domestic waste.
For further information, please contact:
Han Jin
cream@fjzhuding.com
SOURCE: Zhuding International Limited
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https://www.accesswire.com/604062/Positive-National-Real-Estate-Development-and-Sales-in-the-First-Seven-Months-of-2020
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