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China Hits Record-Low Investment Growth as Beijing Battles a Slowdown

Sep 14 , 2018

BEIJING—Investment in factories, railways and other projects in China so far this year grew at its slowest pace in more than a quarter-century, pointing to challenges in government efforts to arrest an economic slowdown.

Fixed-asset investment outside rural households rose 5.3% in the January-August period from a year earlier, the National Bureau of Statistics said Friday. The rate was the most sluggish since 1992, when the investment data was first available, according to data provider Wind.

Economists had expected the pace to at least match the 5.5% rate recorded from January to July, given that the government has been encouraging more investment. While investment in property and manufacturing held steady, infrastructure—a key part of the government’s program to prevent a slippage in growth—remained weak, according to the official statistics.

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