Growth in China's Fixed-Asset Investment Slips to Lowest in Over 16 Yrs

(Beijing) – Growth in China's fixed-asset investment from January to July slipped to 8.1 percent, the lowest year-to-date rate in over 16 years, as private companies tightened their purse strings.

Growth in private investment, which accounted for over 60 percent of all investments, fell to a 2.1 percent in the first seven months, far less than the 11.3 percent rate from the same period in the previous year, data from the National Statistics Bureau (NBS) released on August 12 showed.