2016 China Fixed-Asset Investment Growth Target at Around 10.5%
By Mei Ling Tan
1 min read
China’s economic planning agency said Saturday that it aims to realize around 10.5% growth in fixed-asset investment this year.
Beijing had set a 15% growth target for fixed-asset investment in 2015, but actual growth came in slower at 10% as the world’s second-largest economy lost momentum.
The National Development and Reform Commission also said it expected retail sales to increase by 11% in 2016, compared with a target of 13% in 2015. Last year, China’s retail sales rose 10.7% from a year earlier.
China attracted $126.27 billion in foreign direct investment in 2015, up 6.4% from a year earlier, and it reported $ 118.02 billion overseas direct investment last year, up 14.7% year-over-year.