China's property climate index drops in May

China's property development climate index dropped 0.77 points from April to 95.02 points in May, the National Bureau of Statistics (NBS) said on Friday.

The figure has declined month on month for four consecutive months.

In the first five months, the country's investment in property development rose 14.7 percent year on year to 3.07 trillion yuan (about 500 billion U.S. dollars), slowing down by 1.7 percentage points from the Jan.-April period, the NBS said in a statement.