August 18, 2024
China’s fixed asset investment rose by 3.6% in July since the beginning of the year. It is the four’s consecutive slowing in the indicator since March 2023 when it peaked at 4.5% (see chart). Businesses decrease their investment into fixed assets as they disappointed by consumers demand which has slowed aftermath property crisis.
⭐️Summary:
Data shows economy keeps struggling and requires more stimulus.