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China's Jan-Aug fixed-asset investment growth similar to Jan-July: NDRC
[BEIJING] China's investment growth remains weak although the pace of growth is stable, with fixed-asset investment growth in the first eight months similar to that of the January-July period, the country's top economic planner said on Friday.
Zhang Yong, Vice Chairman of the National Development and Reform Commission(NDRC), also told a briefing that China's economic growth was within a reasonable range though it still faced big downward pressure.
A latest Reuters poll showed growth in China's fixed-asset investment was likely to stay at 11.1 per cent in the first eight months of the year from the same period in 2014, versus 11.2 per cent in January-July - the weakest expansion in nearly 15 years.