Growth in retail sales and industrial production in China picked up last month but fixed asset investment for the year to date dipped more than anticipated to the lowest level in close to 18 years.
Urban fixed-asset investment grew 7.5 per cent during the first nine months of the year, according to the National Bureau of Statistics, edging down from 7.8 per cent at the end of September and bang-on a median forecast of 7.7 growth.
That level also marked the lowest reading since the gauge fell to 6.3 per cent in December 1999. State-controlled companies were again more active than private businesses, with investment at the former up 11 per cent for the year to date and that at the latter rising just 6 per cent.
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