Oct 19 2018, 2:34 PMOct 20 2018, 1:29 PMOctober 19 2018, 2:34 PMOctober 20 2018, 1:29 PM
Chinese manufacturers are investing more in factories, despite a slowdown in production due to the US trade dispute, but investments are geared toward developing the high-tech sector, according to Michelle Lam, economist at Societe Generale in Hong Kong. The upgrade to manufacturing higher valued goods is evidenced by increased imports for semiconductors, which meets 2:34 the world’s demand, Lam said. Manufacturing growth slowed to 6.7% in the nine months to September, compared to over 7% the same time last year, while fixed-asset investment rose 8.7%, according to the National Bureau of Statistics.