Real estate faces uncertainty, experts say

Although China's GDP grew by 6.7 percent in the third quarter, and many macroeconomic indicators in the quarter showed better-than-expected signs despite a global economic downturn, the country's economy still faces great challenges, especially in the real estate sector, economists said.

The domestic real estate sector, which is regarded as a significant driver of economic growth this year, faces uncertainty due to tightened real estate policies that were issued recently.

In the first three quarters, China's real estate investment grew by 5.8 percent, although such investment last year grew by just 1 percent from January to December, according to National Bureau of Statistics data.