国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Macro

China's investment growth up in May, outlook still grim

(Xinhua) Updated: 2015-06-11 16:28

China's investment growth up in May, outlook still grim

BEIJING -- China's fixed asset investment recovered slightly in May due to improved manufacturing and property sectors, but economic slowdown continues, official data showed.

Investment expanded 9.9 percent year on year in May, up from 9.6 percent registered in April, data from the National Bureau of Statistics said on Thursday, marking rare rebound in growth amid the current lackluster economy.

The marginal improvement was attributable to robust investment in manufacturing and property, both of which saw faster growth than in previous months.

However, May's data were not sufficient to prove an overall recovery.

Investment in the first five months rose 11.4 percent from a year earlier to 17.12 trillion yuan ($2.8 trillion), retreating from the 12-percent level registered in the Jan.-April period this year.

The slowdown was mainly attributed to a serious drop in lending and fewer major construction projects due to the global economic climate, said NBS senior analyst Wang Baobin.

The Chinese economy expanded 7 percent year on year in the first quarter, down from 7.3 percent registered in the fourth quarter of 2014.

Slower growth in fixed-asset investment, which used to be a strong engine for China's fast economic growth, is seen as a key factor in slower GDP growth.

In response, policy makers have hastened fiscal spending to support faltering growth.

The top economic planner, the National Development and Reform Commission announced Wednesday it has approved seven new infrastructure projects including railways and airports worth more than 120 billion yuan.

Analysts expect more projects will be on the horizon and further easing measures are in the pipeline.

Further breaking down fixed asset investment in the Jan.-May period, primary industry saw investment grow the most rapidly at 27.8 percent year on year, while that in secondary industries slowed to 9.6 percent. Investment growth in tertiary industry dropped to 12.1 percent from the previous year, also lower than the Jan-April level.

The calculation does not include fixed-asset investment by farmers. It includes projects with investment of at least 5 million yuan, as well as all property development projects.

Hot Topics

Editor's Picks
...
漯河市| 南昌市| 神池县| 金平| 蓝田县| 贵州省| 玉溪市| 安乡县| 普格县| 邛崃市| 梧州市| 日照市| 上饶市| 辽宁省| 承德市| 汉阴县| 天全县| 南昌市| 尚义县| 青海省| 祥云县| 湘潭县| 泰顺县| 酉阳| 四川省| 桦南县| 论坛| 纳雍县| 临沂市| 巴马| 湘阴县| 赤峰市| 苍梧县| 阿拉善盟| 娄烦县| 凯里市| 仪征市| 工布江达县| 曲麻莱县| 阳西县| 永宁县|