China’s fixed-asset investment growth is likely to slow this year below the 18% to 20% range expected by a range of mainland institutions, Wang Jiang, executive deputy general secretary of the China Society of Macroeconomics, wrote in the China Securities Journal. The predicted downturn will be helped by the private sector’s swift response to government efforts to curb overheating in certain sectors, he wrote. Fixed-asset investment has grown by 25% to 28% in the past few years as Beijing sought to ramp up economic growth.
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