China: Investment in 2014 slows to 13-year low
January 20, 2015
In the full year 2014, urban fixed-asset investment excluding rural households (FAI) rose 15.7%, which was well below the 19.6% increase recorded in 2013. The reading represented the weakest expansion in investment since 2001 and matched the result that market analysts had expected. The deceleration observed in 2014 resulted from weaker growth in the secondary and the tertiary sectors. Investment in the primary sector, however, accelerated in the same period. In addition, the closely-watched real estate development indicator moderated sharply in 2014, reaching the lowest annual growth on record.
A month-on-month comparison shows that investment in urban fixed assets rose a seasonally-adjusted 1.21% in December, which was above the 1.02% increase tallied in November.