The investment in China picked up in September, driven by public sector – Financial Daily

By EFE

The investment in fixed assets of China rebounded in September to a growth of 9% compared to the same month of 2015, driven by the strong contribution of the public sector, reported today the National Bureau of Statistics of china.

In a press conference in which he announced that the growth of China in the third quarter was 6.7% year-on-year, the statistical agency also released the sales figures of the retail trade (which rose by 10.7 % year-on-year in September), industrial production (6,1 %) and real estate investment (5.8 per cent).

The slowdown of the investment in fixed assets, which over the years grew in numbers of double digits and this year has come to fall to its minimum since the year 2000, has worried the chinese Government in recent months, especially by the contraction of the private.

In September, this indicator rose by nine-tenths in front of his increase from August (8,2 %) and doubled up the July (3.9 per cent) to close the third quarter with a rise of 8.2 % cumulative over the first nine months of the year.

Between January and September, investment in fixed assets of China -that includes spending on infrastructure, real estate, machinery and other physical assets – amounted to 42,69 billion yuan (6,34 trillions of dollars, 5,78 billion euros).

however, it was a very uneven performance of the public investment, which increased 21.1% year-on-year in the first nine months of the year, and the private, which was an increase of 2.5 %, four tenths more than in the first nine months up to August.

the spokesman of the National Bureau of Statistics, Sheng Laiyun, acknowledged in a press conference that the investment rises to “low speed” compared to the previous months and attributed it to the problems arising from the excess of productive capacity of the country and to the slow recovery of the global economy has made companies more reluctant to invest.

The rebound in September, added the spokesman, is a “positive trend” that will remain, he predicted, in the coming months thanks to the measures taken by the chinese Government to facilitate private investment in sectors in which it was vetoed.

The investment in the real estate sector also climbed up to reach to the 5.8 % year-on-year in the aggregate for the first nine months of the year -the National Bureau of Statistics did not provide monthly data-, four tenths more than in the accumulated between January and August.

During the first three months of the year, the prices of the real estate market chinese have skyrocketed and many experts and businessmen have warned of the formation of a bubble in that sector.

According to the figures released today by the statistical agency, the sales of residential real estate increased by 43.2% year-on-year in the first nine months of the year and of the commercial, in a 41,3 %.

in Addition, sales of retail trade accelerated their growth in September, up 10.7% year-on-year, a tenth more than in August, and stood at a cumulative 10.4 per cent in the first nine months of the year.

Between January and September, retail sales of the asian giant generated a volume of 23.8 billion yuan (3,54 billion dollars, 3,22 billion euros).

industrial production in China, in contrast, slowed and increased by 6.1 % year-on-year in September, two tenths less than in August and finished with a cumulative ascent of 6% in the first three quarters.