2014年中国房地产用地下降25.5%
Official data shows the land area used in Chinese real estate development has fallen sharply through this past year.
官方数据显示，2014年中国用于房地产开发土地的使用率急剧下降。
151-thousand hectares of land was set aside for new home construction last year.
This is down over 25-percent compared with 2013.
China's real estate market has been on a steady decline for the past number of months.
New home prices in January saw month-on-month declines in most of the cities surveyed.
For more on China's property market, we are now joined live by Mike Bastin, Director of The China Business Centre based in London.