Tangible achievement made in Chinese real estate inventory reduction, some cities now restocking
Hi, everyone. I've just finished translating a small piece of news from Chinese. Would you please help me improve it? I'm not good at choosing the right tense and the article, so please pay more attention to those errors. Thanks!
Tangible achievement has been made in real estate inventory reduction nationwide in 2016, according to statistics published by E-house China R&D Institute (hereinafter referred to as E-house).
The institute has been following up real estate inventory changes of 35 cities around China. According to the statistics, the real estate inventory of the 35 cities stood at 233.34 million square meters by the end of December, 2016, down 1.0% compared with November and down 10.6% y-o-y. Generally speaking, the annual data of 2016 showed a downward trend in the real estate inventory of the 35 cities investigated. When compared with 2015, the inventory has been declining for 17 consecutive months. Instead of inventory reduction, some cities are restocking inventory.
Specifically, first, second and third tier cities respectively reported an inventory of 24.82, 167.53 and 40.99 million square meters by the end of December, 2017, down 3.3%, 0.80% and 0.50% from November, and down 26.9%, 9.2% and 3.5% y-o-y.
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Tangible achievement made in Chinese real estate inventory reductions, some cities now restocking
Hi, everyone. I've just finished translating a small piece of news from Chinese. Would you please help me improve it? I'm not good at choosing the right tense and the article, so please pay more attention to those errors. Thanks!A tangible achievement has been made in the real estate inventory reduction nationwide in 2016, according to statistics published by E-house China R&D Institute (hereinafter referred to as E-house).
E-house has been monitoring real estate inventory changes in 35 cities around China. According to the statistics, the real estate inventory of these 35 cities stood at 233.34 million square meters by the end of December, 2016; down 1.0% compared to November and down 10.6% (y-o-y?=year on year?). In general, the annual data of 2016 showed a downward trend in the real estate inventory of the 35 cities investigated. When compared to the same period in 2015, the inventory in 2016 had been declining for 17 consecutive months.* Instead of inventory reduction, some cities are restocking inventory.*
Specifically, first, second and third tier cities respectively reported an inventory of 24.82, 167.53 and 40.99 million square meters by the end of December, 2017, down 3.3%, 0.80% and 0.50% from November, and down 26.9%, 9.2% and 3.5% y-o-y.
*what exactly is being compared to what? It is probably better to show this on a bar chart or time line. One being blue, the other red, to make a visual comparison.
Very well written!
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