Fixed assets investment slows in Jan-Nov
[2008-12-23 16:53:31]
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China's investment on fixed assets such as roads, bridges and plants, grew 26.8 percent in the first 11 months, down from 27.2 percent in the first 10 months. The investment growth in the real estate sector continue to sag to 22.7 percent in the period throughout November, down from 24.6 percent in October. "In the next few months, FAI growth may decline further as the export sector responds to deteriorating external demand and real estate construction activity remains tepid," said Jing Ulrich, JP Morgan's chairman for China equities. China's exports dropped 2.2 percent to $114.99 billion last month, the first monthly decline in seven years. FAI accounted for 42 percent of China's GDP in 2007 and is the single most important driver of GDP growth. |
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Source:http://www.chinadaily.com.cn |
Source: 中华人民共和国商务部 面向希望与中国做贸易往来的新加坡公众或企业
Keywords:Policy; import taxes;
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