China's fixed-asset investment rose 24.9 percent year on year to 21.23 trillion yuan ($3.33 trillion) in the first nine months of the year, said the National Bureau of Statistics (NBS). The growth rate was 0.7 percentage points lower than that in the first six months.
Investment in the real estate sector jumped 32 percent to reach 4.42 trillion yuan ($696.1 billion). The rise was 0.9 percentage points lower than that in the first half.
Lu Ting, an economist with the Bank of America Merrill Lynch, said China's investments will further slow as a result of the government's property tightening measures and slower loan growth. But investments would continue to be supported by government expenditure on housing and public projects, he said. |