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China fixed-asset investment growth slows in May; misses market expectations

Private-sector investment grows at a record low of 3.9% against 5.2% for the four months to April

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Industrial output grew 6 per cent in May, little changed from the previous month and retail sales also stabilised, growing 10 per cent for the month of May.

Beijing

GROWTH of China fixed-asset investment fell to its slowest rate in 16 years last month, another sign the economy is continuing to stabilise, but also prompts many to question how efficiently the recent liquidity injected into the system is really being used.

The drop comes