From January to February, Chinese investment in real estate development was 1,398.6 billion yuan ($215 million), a year-on-year increase of 38.3 percent; it was 15.7 percent higher than that from January to February in 2019, with an average growth of 7.6 percent in two years. Among them, the residential investment was 1,038.7 billion yuan ($160 million), an increase of 41.9 percent, according to data by National Bureau of Statistics of China.
From January to February, the investment in real estate development in the eastern region was 835.3 billion yuan ($130 million), up 32.4 percent year on year; the investment in the central region was 264 billion yuan ($40.5 million), up 52.5 percent; the investment in the western region was 283.4 billion yuan ($43.6 billion), up 45.1 percent; the investment in the northeast region was 15.8 billion yuan ($2.4 billion), up 28.6 percent.
From January to February, the construction area of real estate development enterprises was 7.71 b
