China’s fixed-asset investment growth has sunk to its lowest level in two decades as the Chinese leadership’s cautious stimulus fails to prop up the domestic economy in the face of a deepening slowdown.
Accumulated investment from January to October grew at 5.2 per cent over a year previously, the National Bureau of Statistics of China said on Thursday. That is the lowest level for the period since publicly available records began in 1998.
The deepening economic slowdown, intensified by the US-China trade row, has ratcheted up pressure on Beijing to launch renewed stimulus measures.
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