China: Investment growth continues to slow
May 11, 2012
In the first fourth months of this year, urban fixed-asset investment excluding rural households (FAI) grew 20.2% over the same period last year, which was down from both the 20.9% expansion recorded in the first three months and market expectations that had FAI rising 20.5%. Investment slowed in the January-April period due to softer growth in the primary and industrial sectors, while services improved. Compared to the previous month, investment in urban fixed assets increased a seasonally adjusted 0.77% in April, which followed a 1.15% rise in March.