China NBS data: Jan–Jul total housing under construction by property developers
5.576 bln sqm, down 12.7% YoY; residential under construction 3.871 bln sqm,
down 13.0% YoY. New housing starts 267.0 mln sqm, down 24.0% YoY; residential
starts 194.9 mln sqm, down 24.6% YoY. Housing completions 192.0 mln sqm, down
23.2% YoY; residential completions 134.4 mln sqm, down 25.5% YoY.