China: Investment growth eases in January–July
August 14, 2019
Urban fixed asset investment expanded 5.7% year-to-date in July, slightly below the 5.8% increase in January–June and market expectations of a 5.8% increase.
The result reflected a stronger contraction in the primary sector while growth in the tertiary sector slowed; however, investment growth in secondary sector accelerated. Meanwhile, property investment growth slowed over the same period.
In terms of ownership, investment growth in fixed assets of state-owned enterprises accelerated but, conversely, decelerated among private companies in January–July.
On a month-on-month basis, investment in urban fixed assets rose a seasonally-adjusted 0.43% in July, marginally down from the 0.44% expansion in June.