The report reads as follows:
- If you guessed yesterday that China's investment growth is picking up, congrats! Official data confirms it. But it's not all good news - jobs are taking a hit.
- Growth in China's investment picks up thanks to infrastructure, property spending
- Despite a general sentiment of a gloomy employment outlook, the bureau said that the overall labor situation has "stabilized." In China's 31 major cities, the number was 5.0% last month, 0.3 percentage points higher than in December.
- Excluding investment by rural households, China’s fixed-asset investment a key driver of domestic demand that includes infrastructure grew 6.1% YOY in the first two months of 2019, edging up from a 5.9% rise in the whole year of 2018, according to official data released Thursday. The reading met the median forecast from a Bloomberg News survey of economists.
- Government-driven infrastructure investment rose 4.3% YOY in the first two months, up from a 3.8% growth rate for 2018. Expansions in spending on roads and railways accelerated to double-digit rates during the period.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.