Growth of investment has slowed down in China

Almaty. November 15. Silkroadnews - The growth of investments has slowed down in China, CNBC reported.
“China’s fixed-asset investment growth slowed to 7.3 percent in the January-October period, and came in slightly below market expectations. Analysts polled by Reuters had predicted investment growth of 7.4 percent. Private sector fixed-asset investment rose 5.8 percent in January-October, down from the first nine months of the year,” the report reads.
With this it is noted the industrial output grew 6.2% in October compared to the previous year, which is lower compared to 6.6% in September and 6.3% of analysts’ estimates.
Retail sales grew 10.0% in October compared to the same period last year, although the forecast was 10.4%, after September growth of 10.3%.
The agency reminds, this year the PRC government planned an annual economic growth of 6.5%, which down from 6.7% achieved in 2016.
China’s economy has surprised the financial markets with a steady growth of almost 6.9% in the first nine months of the year, driven by recovery in its manufacturing and industrial sectors due to government-led infrastructure spending spree, a stable real estate market and increased exports.
But activity in real estate and construction, two of the economy’s major driving forces, started to slow down due to higher costs for loans, government measures to cool the housing market and reduce air pollution.