China: On downward spiral investment hits lowest level since 2001
June 13, 2014
In the January–May period, urban fixed-asset investment excluding rural households (FAI) rose 17.2% over the same period last year, which was a notch below the 17.3% increase recorded in the first four months of the year. The growth rate, which matched market expectations, represented the weakest expansion in investment since December 2001. The deceleration resulted from slower growth in both the primary and the secondary sectors, while investment in the tertiary sector accelerated in May.
A month-on-month comparison shows that investment in urban fixed assets rose a seasonally-adjusted 1.32% in May, which was marginally below the 1.34% increase tallied in April.