BEIJING, Sept 15 (Reuters) - Property investment in China fell 8.8% in the first eight months from the same period a year earlier, after sliding 8.5% in January-July, National Bureau of Statistics (NBS) data showed on Friday.
Property sales by floor area dropped 7.1% in January-August from a year earlier, compared with a 6.5% fall in the first seven months.
Chinese authorities quickened the pace of injecting stimulus measures to revive the ailing sector several weeks ago, but doubts remain on whether Beijing can spend its way out of the nationwide property crisis.
The data showed new construction starts measured by floor area fell 24.4% year-on-year, after a 24.5% slump in the first seven months.
Funds raised by China's property developers were down 12.9% on year after a 11.2% decline in January-July. (Reporting by Liangping Gao, Ella Cao and Ryan Woo; Editing by Jacqueline Wong)