Description
China Floor Space of Buildings Newly Started is released by the National Bureau of Statistics (NBS) of China and measures the total floor space of all newly started construction projects within the country. This indicator reflects the activity level of China’s construction industry and the development trends in the real estate market.
The indicator covers all real estate development enterprises in China and categorizes construction projects into residential buildings, office buildings, and buildings for commercial use. An increase in floor space typically indicates a rise in real estate development activity, reflecting growing market demand. Conversely, a decrease in floor space may signal weakening market demand or reduced investment.