Growth in fixed-asset investment eased to 5.2% in the first eleven months of the year. Property investment grew 6% in the same period, slowing from 7.2% during the January-October period, as financing rules remained strict and home sales plunged.
“The international environment is increasingly complex and grim and there are still many constraints on the domestic economic recovery,” the National Bureau of Statistics said in a statement. We must “combine the cross-cyclical and counter-cyclical macro policy adjustments so as to stabilize the overall macro economy.”