Fixed Asset Investment Growth in China's Tier 1 Cities Remained Positive
The fixed asset investment in three of China's tier-one cities - Shenzhen, Guangzhou and Shanghai - increased on an annual basis in the first seven months of 2020.
The fixed asset investment in three of China's tier-one cities - Shenzhen, Guangzhou and Shanghai - increased on an annual basis in the first seven months of 2020. As of July 2020, the year-to-date fixed asset investment in the three cities increased by 9.9% y/y, 4.6% y/y and 9% y/y, respectively. On the hand, the fixed asset investment in the other tier-one city, Beijing, declined by 0.7% y/y in the same period.
As of July 2020, the year-to-date fixed asset investment in China dropped by 1.6% y/y due to the negative impact of the COVID-19 on the economy.
Further data and analysis on China’s economy is available on the CEIC China Economy in a Snapshot – Q3 2020 report.