SOE Fixed Asset Investment Plunges 5.8pc in July

Fixed asset investment increased 2.2 percent yoy in July, lowering the YTD cumulative growth rate to 5.5 percent.

The spike in real estate investment helped lift private fixed asset investment 10.8 percent in July and raised the cumulative growth rate to 8.8 percent.

SOE investment tumbled 5.8 percent in July. It is only up a cumulative 1.5 percent YTD through July.