China: Nominal fixed investment growth rises in November
Nominal urban fixed asset investment increased 2.6% in November (October: +1.8%). November’s figure marked the best result since December 2019. The improvement was largely due to an improvement in the tertiary sector. In addition, secondary sector investment improved.
On a seasonally-adjusted monthly basis, nominal urban fixed asset investment rose at a softer pace of 2.8% in November (October: +2.9% mom), the worst result since February.