In November China fixed asset investment up 18.6 pct

Sharp slowdown from October

China´s investment in fixed assets like roads and real estate rose 18.6 percent in November compared with a year earlier, a State Statistical Bureau official said on Tuesday.

Fixed asset investment, often used to gauge state spending to stimulate the economy, rose a year-on-year 23.4 percent in the first 11 months, according to earlier figures from the bureau. But the bureau has not released data for November alone, and the official told Reuters the 18.6 percent number was unofficial.

If accurate, the November figure showed a sharp slowdown from October´s 23 percent growth and September´s 24.7 percent rise.

Analysts said the slowdown probably reflected moves by Beijing to trim back stimulus spending programmes, and to curtail real estate investment amid concerns the sector may be overheating.

(source: Reuters)

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