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Fixed-asset investment spurs China's recovery

By Wang Yanlin (Shanghai Daily)

16:51, November 06, 2012

CHINA'S economic data for October may provide further evidence of a mild recovery taking shape in the world's second-largest economy, analysts said before the data's release on Friday.

Investment in infrastructure, transportation in particular, should remain a driving force to bolster the performance, along with the improved retail sales thanks to the eight-day National Day holiday in early October.

"China's worst slump since the global financial crisis in 2008 may have leveled out," said Yao Wei, China economist at Societe Generale. "Nearly all economic indicators are likely to look better in October and inflation will ease further to allow earlier easing policies to filter through."

Yao expected fixed-asset investment will expand 20.6 percent on an annual basis in the January-October period, up from the 20.5 percent rise in the first three quarters. Retail sales may increase 14.5 percent, compared with 14.2 percent in September.

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