METALS DATA - Investment drop in Chinese metals industry widens to 6 pct in H1

Vivian Teovivian.teo@fastmarkets.comJoint News Editor - Asia

Singapore 15/07/2016 - China’s fixed asset investment in the non-ferrous metal smelting and fabricating industry fell 5.7 percent year-on-year to 250.8 billion yuan ($38 billion) in the first half of this year, according to data published by the country’s National Bureau of Statistics (NBS) on Friday.

The drop expands from a 2.2-percent decline in January-May.

Investments in the Chinese non-ferrous metals mining industry rose 6.3 percent year-on-year to 66.9 billion yuan in January-June, a weaker growth than 12.3 percent in January-May.

The above industries are part of those surveyed by the NBS to tabulate China’s total fixed asset investment, which in the first six months of the year grew 9 percent year-on-year to 25.84 trillion yuan.

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