Singapore 19/01/2016 - The decline in China’s fixed asset investment in the nonferrous metal smelting and fabricating industry have extended to four percent in 2015, taking full year investment to 557.9 billion yuan ($78 billion), according to data from the country’s National Bureau of Statistics published Tuesday.
Year-on-year investments in the industry have declined in recent months. Investments had declined 2.6 percent in January-November and 0.9 percent in January-October, after a 0.4 percent year-on-year growth in January-September.
Investments in the Chinese nonferrous metals mining industry fell 2.3 percent year-on-year to 158.8 billion yuan in 2015.
China’s overall fixed asset investment growth in 2015 was at ten percent, which was below market forecast of and January-November’s 10.2 percent growth.