CHINA China stats bureau says fixed-asset investment growth could quicken

CHINA

China stats bureau says fixed-asset investment growth could quicken

Reuters | Reuters

02:49, November 15, 2017

ca1b688e489547dbb474ea83d5b77cc3.jpeg

Photo: National Bureau of Statistics

China’s fixed-asset investment growth could quicken, the country’s statistics bureau said on Tuesday, after a deceleration in January-October suggested Beijing has pared back some stimulus.

Fixed-asset investment growth slowed to 7.3 percent in the first 10 months, the National Bureau of Statistics (NBS) said earlier in the day. Analysts had expected a rise of 7.4 percent.

The economy was resilient in the first half partly due to a government-led infrastructure spending spree. But growth has since slowed as Beijing reined in a red-hot property market and cracked down on lending to fend off financial risks.

Economic growth is within a reasonable range, Liu Aihua, a spokeswoman at NBS, told reporters.

Gross domestic product grew 6.8 percent in the third quarter, a touch slower than the 6.9 percent pace in the first two quarters.


Related Stories

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue