China's main economic indicators do not change The effect of trade friction between the United States and China is also November 14, 13:56
In China, investment in fixed assets such as infrastructure and manufacturing equipment has been the lowest since 1998, when the growth rate has slowed for four consecutive months compared to the same period last year. In addition to the sluggishness of companies to invest due to trade friction with the United States, public investment has not progressed against the backdrop of the financial difficulties of local governments.
The National Bureau of Statistics of China released key economic indicators last month on the 14th.
According to this, the cumulative investment in fixed assets such as infrastructure and manufacturing equipment from January to last month grew only by 5.2% compared to the same period last year. The growth rate decreased by 0.2 points compared to the previous month, slowing for 4 consecutive months, and the lowest since 1998 when the record was confirmed.
Of this, investment in the manufacturing industry has grown by a modest 2.6%, suggesting that the willingness to invest in private companies is slowing down due to trade friction with the United States.
In addition, investment in infrastructure has been growing only 4.2%, and it seems that public investment as an economic measure has not progressed as expected due to the financial difficulties of local governments.
At the same time, the growth rate of retail sales showing the consumption situation of last month announced was 7.2%, shrinking 0.6 points from the previous month, and the growth rate of industrial production also slowed down. As a result.