Fixed investment growth rate declines in 2016

Fall is in line with government policy to slow spending on infrastructure

The improvement in demand for investment will help consolidate the foundation for domestic economic growth in the current year, after fixed-asset investment in the private sector witnessed a mild uptick at the year-end of 2016, the National Bureau of Statistics said on Friday.

Official data released by the bureau on Friday showed that in 2016, fixed-asset investment increased by 8.1 percent year-on-year, down by 0.2 percentage points compared with the first 11 months.