22 January 2019

China fixed-asset investment growth seen slowing, Xinhua says

China’s fixed-asset investment growth is expected to decelerate to 18.6 percent this year from the 2013 pace of 19.6 percent due to the government’s economic reforms and a slowdown in credit expansion, Xinhua news agency reported Sunday, citing a document published recently by JPMorgan Chase & Co. The investment bank’s chief China economist Zhu Haibin was quoted as saying in a report that investment in manufacturing industries and infrastructural facilities, as well as real estate, will slow in 2014 due to overcapacity issues, lack of financial resources at local governments, tightening of credit and slower growth in home prices.

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