China: Investment growth slows in May
June 11, 2012
In the first five months of this year, urban fixed-asset investment excluding rural households (FAI) grew 20.1% over the same period last year, which was an inch below the 20.2% expansion recorded in the first fourth months but slightly above the 20.0% increase expected by market analysts. Investment in the January-May period reflected a deceleration in the primary and industrial sectors, while services remained stable. Compared to the previous month, investment in urban fixed assets increased a seasonally adjusted 1.15% in May, which followed on a 0.92% rise in April.