Description
China Floor Space of Buildings Under Construction is released by the National Bureau of Statistics (NBS) of China and serves as a key indicator measuring the total floor space of all construction projects currently underway within the country. This indicator reflects the intensity of construction activity in the real estate market and the potential scale of future supply.
The indicator includes various types of buildings, such as residential, office, and commercial structures. An increase in floor space under construction typically indicates active development activities and market confidence in future supply. Conversely, a decrease in construction area may signal weakening market demand or constraints faced by developers, such as financial or regulatory challenges.