Business | 2016 fixed asset investment grows 8.1%, slowest since 1999
Don't spend it all on the same bailout. Photo: Reuters
Don't spend it all on the same bailout. Photo: Reuters

2016 fixed asset investment grows 8.1%, slowest since 1999

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

January 20, 2017 5:56 PM (UTC+8)

China’s fixed-asset investment rose 8.1% 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%, unchanged from the pace in the first 11 months of the year.

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

Industrial output rose 6.0% 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%.

Output rose 6.2% in November on-year.

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

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