2016 China Fixed-Asset Investment Growth Target at Around 10.5%
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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.
Questions & Answers
Q.What was the actual fixed-asset investment growth for China in 2015?
What was the actual fixed-asset investment growth for China in 2015?
Fixed-asset investment in China grew by 10% in 2015. This was slower than the 15% target set by Beijing for that year, as the economy lost momentum.
Q.What is the expected growth for retail sales in China during 2016?
What is the expected growth for retail sales in China during 2016?
The National Development and Reform Commission expects retail sales in China to increase by 11% in 2016. This follows an actual growth of 10.7% in retail sales last year.
Q.How much foreign direct investment did China attract in the previous year?
How much foreign direct investment did China attract in the previous year?
China attracted $126.27 billion in foreign direct investment in 2015. This figure represents a 6.4% increase compared to the amount received in the year prior.