Last month the Mainichi News on-line reported the following:
中国：不動産投資が減速 ３．５％増にとどまる 1−８月
毎日新聞 2015年09月13日 17時03分
According to a major economic indicator for August this year announced on the 13th (September) by the National Bureau of Statistics of China, from January to August this year the real estate development investments, compared to the corresponding period a year ago, stayed at a 3.5 % increase. While the figure was not unusual for an active period with an increase base level of 30%, reduction in growth rate that began last year was continuing. It was a low level since the period of January to February 2009 (1.0 % increase) with a depression that was caused by the Riemann shock.
A sluggish growth in investment, being one of the major causes for the Chinese economic slowdown, had not stopped.
The floor areas of planned new housing began to fall substantially at a decrease of 17.9 %.
Obviously the economy in China is slowing down.