China 2016 fixed asset investment grows 8.1 pct, slowest since 1999

21-Jan-2017 Intellasia | Reuters | 6:00 AM Print This Post

China’s fixed-asset investment rose 8.1 percent in 2016, less than expected and the slowest annual pace since 1999.

Analysts polled by Reuters had predicted full-year investment growth of 8.3 percent, unchanged from the pace in the first 11 months of the year.

Private sector fixed-asset investment rose 3.2 percent in 2016, up from the first 11 months of the year.

Industrial output rose 6.0 percent in December from a year earlier, the National Bureau of Statistics said on Friday, slightly lower than analysts’ estimates for a rise of 6.1 percent.

Output rose 6.2 percent in November on-year.

Retail sales rose 10.9 percent in December from a year earlier, beating expectations.

Analysts had forecast they would rise 10.7 percent, slightly lower than a 10.8 percent rise in November.

China’s economy has stabilised in recent months on the back of increased government spending and a property rebound, but private investment remains weak.

China’s economy grew 6.8 percent in the fourth quarter from a year earlier, beating expectations, supported by higher government spending and record bank lending that has stoked concerns about an explosive rise in debt.


Category: China

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