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Economy

Private investment 'set to rebound' during Q3

1
2016-06-15 09:22Global Times Editor: Li Yan

Private fixed-assets investment will start to rebound in the third quarter of 2016 as the economy stabilizes, Jing Ulrich, vice chairman of Asia Pacific at J.P. Morgan, told a press briefing in Beijing on Tuesday.

Private fixed-assets investment grew 3.9 percent year-on-year in the first five months, dropping 1.3 percentage points from the growth rate in the January-April period, according to data released by the National Bureau of Statistics on Monday.

Private investment usually lags because private investors and private companies need to build up their confidence first, she said.

For example, home prices and transaction volumes had been declining, but both rose in the past four months and now property companies are beginning to invest. Much like housing, private investment lags as well.

However, she said private investment will rebound because economic growth should actually be quite stable in the second half of this year.

"We don't expect a major drop-off nor do we expect a major rebound," she said.

  

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