China Investment June 2019

China

China: Investment growth gains steam in January–June

July 15, 2019

Urban fixed asset investment expanded 5.8% year-to-date in June, above the 5.6% increase in January–May. Moreover, the figure overshot the 5.6% increase expected by market analysts.

The result reflected a softer contraction in the primary sector as well as faster growth in the tertiary sector. Conversely, the secondary sector expanded at a softer pace compared to the previous month. Moreover, property investment growth continued to slow in the same period.

In terms of ownership, investment growth in fixed assets of both state-owned enterprises and private companies accelerated in January–June.

On a month-on-month basis, investment in urban fixed assets rose a seasonally-adjusted 0.44% in June, marginally up compared to the 0.42% expansion in May.

FocusEconomics Consensus Forecast participants expect fixed-asset investment to grow 6.3% in 2019, which is unchanged from last month’s Consensus. In 2020, the panel sees fixed-asset investment growth at 6.2%.


Author: Ricard Torné, Lead Economist

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China Investment June 2019

Note: Month-on-month changes of seasonally adjusted urban fixed-asset investment index and annual growth rate (year-to-date) in %.
Source: National Bureau of Statistics of China (NBS).


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