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 the National Bureau of Statistics in Hong Kong. The upgrade to manufacturing higher valued goods is evidenced by increased imports for semiconductors, which meets half 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 Societe Generale.