Make me your Homepage
    left corner left corner
    China Daily Website

    Investment still huge driver of economy: Experts

    Updated: 2013-10-18 23:24
    By WEI TIAN in Shanghai ( China Daily)

    Investment will remain a major driver of China's economy as a result of the government's mini-stimulus, and experts forecast that capital-driven growth will continue to accelerate for the rest of the year as the economic outlook brightens.

    As of the end of September, fixed-asset investment was up 20.2 percent year-on-year to 30.9 trillion yuan ($5.07 trillion), the National Bureau of Statistics said on Friday.

    Investment-driven growth contributed 55.8 percent, or 4.3 percentage points, of the overall GDP expansion in the first three quarters, according to Sheng Laiyun, NBS spokesman.

    "The investment cycle received a boost as the government launched its 'mini-stimulus', which partly involves higher rail investment. Help for exporters may also give manufacturing investment a boost," said Fred Gibson, an economist with Moody's Analytics.

    Growth of investment in infrastructure outpaced the overall level, expanding 25.1 percent in the first three quarters to 4.8 trillion yuan.

    Private investors put 19.6 trillion yuan into fixed-asset investment, almost twice as much as State-owned investors. Investments in the less-developed central and western provinces grew at a faster pace than those in the eastern coastal provinces.

    Foreign-funded investment declined by 8.5 percent in the first three quarters.

    The outlook for investment growth remains broadly positive. Moody's estimates that the monthly numbers will fluctuate around a mildly positive trend.

    "Public infrastructure investment will lift the outlook over the coming months as growing demand for steel and processed goods lifts investment in those industries," Gibson said.

    The clouds hovering over the near-term global outlook have cleared following the conclusion of the United States' spending impasse, which will boost demand for Chinese goods over the next two years.

    Manufacturers will want to ensure that they have the capacity to deal with firming global demand, Gibson said.

    "This will add some upside to manufacturing-related investment."

    But, he added, Beijing's attempts to keep a lid on the property market will weigh on demand for materials and housing-related goods, posing some downside risks to the investment outlook.

    In the first three quarters, property development investment grew 19.7 percent, down 0.6 percentage point from the first half of the year.

    Property developers bought less land in terms of area during the period, while property inventories continued to mount.

    But Tang Jianwei, a senior economist at Bank of Communications Co, said property development investment would pick up in the near future, as authorities have already lifted restrictions on developers' financing.

    Together with a recovery in the manufacturing sector in the fourth quarter, Tang estimated that total fixed-asset investment growth will be 20.4 percent in the second half, against 20.1 percent in the first.

    weitian@chinadaily.com.cn

    8.03K
     
    ...
    ...
    ...
    国产啪亚洲国产精品无码| 无码成人一区二区| 亚洲天堂中文字幕在线| 99高清中文字幕在线| 久久精品中文字幕无码绿巨人| 69久久精品无码一区二区| 五月婷婷在线中文字幕观看| 无码人妻视频一区二区三区| 亚洲av无码无在线观看红杏| 最新高清无码专区| 91中文在线视频| 69天堂人成无码麻豆免费视频| 人妻无码αv中文字幕久久| 中文字幕久久精品无码| 亚洲精品无码午夜福利中文字幕| 久久久精品人妻无码专区不卡| 国产精品99精品无码视亚| 亚洲日本va午夜中文字幕久久 | 精品久久久久久无码中文字幕| 亚洲欧美日韩中文字幕一区二区三区 | 亚洲午夜无码久久久久| 亚洲中文字幕伊人久久无码| 中文字幕高清有码在线中字| 午夜亚洲AV日韩AV无码大全| 中文字幕人成人乱码亚洲电影 | 久久久久亚洲av无码专区| 韩国三级中文字幕hd久久精品| 亚洲va中文字幕无码久久| 亚洲中文字幕在线乱码| 亚洲中文字幕第一页在线| 日韩va中文字幕无码电影| 亚洲AV永久青草无码精品| 久久久久久久人妻无码中文字幕爆| 成人午夜福利免费无码视频| 精品人妻系列无码人妻免费视频| 亚洲AV永久无码精品| 台湾无码AV一区二区三区| 国产又爽又黄无码无遮挡在线观看| 中文字幕亚洲精品无码| 精品无码久久久久国产| 99精品人妻无码专区在线视频区 |