Posted on 16/08/08
Investment heats up, exports slow in China
Investment in China is picking up while the trade surplus is declining, data showed yesterday, suggesting the world's fourth-largest economy may be increasingly relying on itself for growth momentum. The country's urban fixed-asset investment - spending on productive capacity in the cities - rose 27.3 per cent in the first seven months of 2008 compared with a year earlier, the National Bureau of Statistics said. By contrast, recent data showed China's trade surplus declined 9.6 per cent in the January-July period from the same period last year, confirming the impact of the U.S.-led global economic slowdown.
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