Local Govts and SOEs Keep Adding Fixed Assets, Private Economy Retreats

Fixed asset investment increased 11.2% in March versus the year ago March. Year to date, it is up 10.7%.

Private fixed asset investment increased 4.7% mom and 5.7% yoy. Mainly slowed by falling investment in the sectors with overcapacity. The Northeast private FAI is down 17.1% YTD.

NBS: 2016年1-3月份民间固定资产投资增长5.7%
NBS: 2016年1-3月份全国固定资产投资（不含农户）增长10.7%