China: Investment continues to boom at the outset of 2011
March 11, 2011
In the January-February period, nominal urban fixed-asset investment (FAI) increased 24.9% over the same period last year, beating market expectations of a 23.0% increase. The print was affected by seasonal factors related to the Chinese New Year and methodological changes. The trend suggests robust but slightly moderating investment growth, with annual average growth in nominal urban fixed-asset investment stepping down from 24.4% in December to 24.3% in January/February.