Figures released over the weekend reveal that private-sector investment for January to April grew only 5.2%, its weakest pace since the National Bureau of Statistic (NBS) began recording data in 2012; furthermore, private sector investment has fallen sharply from rates near 25% in 2013 to just 10% for 2015 and now just 5%. The reason the authorities and analysts are concerned is that private-sector fixed asset management, which includes land, buildings and equipment, accounted for 90% of overall investment in January to April, and the sector also provides a third of all jobs in China and over 60% of new urban jobs. Economists say the private sector is key to China's economic future.
Figures released over the weekend reveal that private-sector investment for January to April grew only 5.2%, its weakest pace since the National Bureau of Statistic (NBS) began recording data in 2012; furthermore, private sector investment has fallen sharply from rates near 25% in 2013 to just 10% for 2015 and now just 5%. The reason the authorities and analysts are concerned is that private-sector fixed asset management, which includes land, buildings and equipment, accounted for over 60% of overall investment in January to April, and the sector also provides a third of all jobs in China and 90% of new urban jobs. Economists say the private sector is key to China's economic future.