Investment growth in China remained subdued in the first quarter, as a prolonged downturn in the property sector continued to weigh on overall activity despite stronger manufacturing spending.
Fixed-asset investment rose 1.7% year-on-year, missing the 2% average forecast in a Caixin survey and easing slightly from the first two months, official data showed Thursday.
China Fixed-Asset Investment Growth Remains Weak
Property development investment fell 11.2%, with the decline widening slightly from the first two months, underscoring the sector’s persistent drag.
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