China’s key economic activity continued to slow in October as several major indicators posted multi-month or even multi-year lows, official data showed Thursday.
Fixed-asset investment, a key driver of domestic demand that includes infrastructure investment, increased 5.2% year-on-year in the first 10 months of this year, according to data (link in Chinese) released by the National Bureau of Statistics (NBS). The cumulative reading marked the fourth straight monthly deceleration, and the lowest growth rate since the whole of 1995, according to NBS data compiled by economic data provider CEIC. It missed a median forecast of 5.3% growth by a Caixin poll of economists.