China Fixed-Asset Investment Tumbles to Lowest Since 2000
- Industrial output rose 6.1% in August, missing estimates
- 3.5% real estate investment gain was one-tenth the 2010 pace
China Slows, Will We See Further Yuan Devaluation?
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China’s fixed-asset investment rose at the slowest pace in 15 years and industrial production trailed analyst estimates, raising further question marks over the effectiveness of government efforts to revive growth.
“The economy is showing no sign of recovery," said Ding Shuang, chief China economist at Standard Chartered Plc in Hong Kong. “From the perspective of monetary policy, the government has done what it can, but demand from the real economy needs to pick up to really make use of that.”