Tiongkok - Investasi Aset Tetap

China's fixed-asset investment increased 5.2 percent year-on-year to CNY 53.37 trillion in January to November 2019, the same pace as in the first ten months of the year, and matching market consensus. It remained the weakest reading on record, as public investment growth eased (6.9 percent vs 7.4 percent in Jan-Oct) while private investment rose further (4.5 percent vs 4.4 percent). By sector, fixed-asset investment advanced at a faster pace for mining (25.3 percent vs 25.1 percent); water conservancy, environment and public facilities (2.8 percent vs 2.7 percent); and utilities (3.6 percent vs 1.9 percent). On the other hand, fixed-asset investment growth slowed for manufacturing (2.5 percent vs 2.6 percent); transport, storage and postal industry (4.3 percent vs 4.6 percent); while agriculture showed no growth (vs -2.2 percent).

China's fixed-asset investment increased 5.2 percent year-on-year to CNY 51.09 trillion in January to October 2019, compared to a 5.4 percent rise in the first nine months of the year, missing market consensus of 5.4 percent gain. This was the weakest reading on record, as private investment growth slowed (4.4% vs 4.7% in Jan-Sept) while public investment growth was little-changed (7.4% vs 7.3%). By sector, fixed-asset investment advanced softer for mining ( 25.1% vs 26.2%), transport, storage and postal industry (4.6% vs 4.7%), water conservancy, environment and public facilities (2.7% vs 3.5%), while fell more in agriculture (-2.2% vs -2.1%). On the other hand, fixed-asset investment grew faster for manufacturing (2.6% vs 2.5% ) and utilities (1.9% vs 0.4%).

China's fixed-asset investment increased 5.4 percent from a year earlier to CNY 46.12 trillion in January to September 2019, compared to a 5.5 percent rise in the first eight months of the year and matching market consensus, as private investment growth eased (4.7 pct vs 4.9 pct in January-August) while public investment rose further (7.3 percent from 7.1 percent). By sector, fixed-asset investment advanced at a softer pace for manufacturing (2.5 pct vs 2.6 pct); and transport, storage and postal industry (4.7 pct vs 5.5 pct). Meantime, fixed-asset investment growth was unchanged for both mining (at 26.2 pct), and utilities (at 0.4 pct). On the other hand, fixed-asset investment grew faster for water conservancy, environment and public facilities management (3.5 pct vs 2.4 pct), while fell less in agriculture, forestry, fishery (-2.1 pct vs -3.0 pct).

China's fixed-asset investment increased 5.5 percent from a year earlier to CNY 40.06 trillion in January to August 2019, compared to a 5.7 percent rise in the first seven months of the year and below market consensus of 5.6 percent, as private investment growth eased (4.9 percent vs 5.4 percent in January-July) while public investment rose by 7.1 percent, the same pace as in January – July period. By sector, fixed-asset investment went up softer for mining (26.2 percent vs 27.4 percent), manufacturing (2.6 percent vs 3.3 percent), and water conservancy, environment and public facilities management (2.4 percent vs 2.6 percent). In addition, investment in agriculture, forestry, fishery dropped more than a previous period (-3.0 percent vs -0.9 percent). On the other hand, fixed-asset investment grew faster for transport, storage and postal industry (5.5 percent vs 4.6 percent), while that in utilities rebounded (0.4 percent vs -0.5 percent).

China's fixed-asset investment increased 5.7 percent from a year earlier to CNY 34.89 trillion in January to July 2019, compared to a 5.8 percent rise in the first six months of the year and below market consensus of 5.8 percent, as private investment growth eased (5.4 percent vs 5.7 percent in January-June) while public investment rose faster (7.1 percent vs 6.9 percent). By sector, fixed-asset investment went up softer for transport, storage and postal industry (4.6 percent vs 5.1 percent) while investment in agriculture, forestry, fishery dropped continued to drop (-0.9 percent vs -0.8 percent) and that in utilities was unchanged (vs -0.5 percent). On the other hand, fixed-asset investment grew faster for mining (27.4 percent vs 22.3 percent), manufacturing (3.3 percent vs 3.0 percent), water conservancy, environment and public facilities management (2.6 percent vs 2.5 percent).

China's fixed-asset investment increased 5.8 percent from a year earlier to CNY 29.91 trillion in January to June 2019, compared to a 5.6 percent rise in the first five months of the year and beating market consensus of 5.6 percent, as private investment growth accelerated (5.7 percent vs 5.3 percent in January-May) while public investment lost momentum (6.9 percent vs 7.2 percent). By sector, fixed-asset investment went up faster for: manufacturing (3.0 percent vs 2.7 percent); transport, storage and postal industry (5.1 percent vs 5.0 percent); and water conservancy, environment and public facilities management (2.5 percent vs 1.4 percent). Meanwhile, fixed-asset investment expanded softer for mining (22.3 percent vs 26.1 percent) while declines were recorded in investment in both utilities (-0.5 percent vs 0.8 percent) and agriculture, forestry, animal husbandry; fishery (-0.8 percent vs -2.7 percent).