China: Investment growth continues to moderate
April 13, 2012
In the first three months of this year, urban fixed-asset investment excluding rural households (FAI) grew 20.9% over the same period last year, which was down from the 21.5% expansion recorded in the first two months but slightly overshot market expectations of FAI rising 20.8%. Investment slowed in the January-March period due to softer growth in all main industries, particularly in services as well as in the primary sector. Compared to the previous month, investment in urban fixed assets increased a seasonally adjusted 0.64% in March, which followed a 1.91% rise in February.