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CFDs are complex financial instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex financial instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

China’s August investment growth falls to record low

Data released on Friday shows China’s fixed-asset investment growth slowed to 5.3%, hitting a record low

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China’s fixed-asset investment growth slowed to 5.3%, hitting a record low, while industrial output and retail sales showed more promise, according to The National Bureau of Statistics.

Investment growth was expected to hit 5.5% in the first 8 months of the year, following on from January-July’s record lows.

Economists say the weak reading comes after Beijing announced tax cuts in July and the on-going US trade duties putting pressure on the Chinese economy.

However, retail sales and industrial output both beat expectations. Industrial output grew 6.1% in August, and retail rose 9%.

Analysts predicted industrial output growth would stay steady in line with July’s 6%, and retail sales were expected to rise to 8.8%.

Private sector fixed-asset investment went up 8.7 % in January-August. Private investment accounts for 60% of overall investment in China.

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