City skyline in China

China Investment April 2018

China: Investment grows at the slowest pace in nearly twenty years in April

China’s urban fixed asset investment expanded 7.0% annually in the first four months of the year, marking the softest expansion since December 1999. The result was down from the 7.5% increase registered in the first quarter and fell short of market expectations of a 7.4% rise. Notably softer investment growth could suggest an economic slowdown may be underway.

Fixed asset investment growth moderated in most sectors in the first four months of the year. Growth in the primary and tertiary sectors scaled back in the January–April period. Investment in the real estate sector eased from its over three-year high, indicating the housing market cycle is likely over its peak. Conversely, investment in the secondary sector gathered momentum in the four-month period.

From an ownership perspective, investment growth in fixed assets of private companies softened in April from an over two-year high in March, and investment by state-owned firms continued a downward trend with a notable moderation.

A month-on-month comparison shows that investment in urban fixed assets rose a seasonally-adjusted 0.52% in April, broadly stable from March’s revised 0.53% rise (previously reported: +0.57% month-on-month).

China Fixed Investment Forecast

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest