London, Thursday, 15 June 2023
In the first five months of 2023, China's fixed-asset investment increased by 4.0 percent year-over-year to CNY 18.88 trillion, falling short of market expectations of 4.4 percent and slowing from a 4.7 percent increase in the preceding period.
Investment decreased across all industries, particularly in the primary sector (0.1% vs. 0.3% in January-April) and tertiary sector (2.0% vs. 3.1%).
Meanwhile, increases in mining (1.5%), manufacturing (6.0%), and utilities (27.6%) helped the secondary sector's investment grow more quickly (8.8% vs. 8.4%). However, real estate investment decreased by 7.2%.
(Written by: The Decision Maker - Finance editors)