According to statistics released by the China National Bureau of Statistics, China’s fixed asset investment rose at the slowest pace since 2001. The slowdown was due to the weak growth in investment in real estate development and in manufacturing.
Fixed-asset investment (excluding rural households) rose 10.9 percent in the period from January through August compared to the same period last year. The increase was less than the 11.2 percent for the period of January through July.
Wang Baobin, senior statistician at the China National Bureau of Statistics, stated that this growth was slow as a result of the low investment in real estate development and in manufacturing. Real estate developers lack a willingness to invest due to pressure from the destocking of the housing market and from sluggish land sales. There is not much interest in investment in manufacturing because of excess capacity and lower prices and profits.
Source: Caixin, September 13, 2015
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