Fixed Asset Investment Tumbles in August, Primary Industry Investment Collapses
Fixed asset investment rose 7.8 percent YTD and 3.8 percent in August.
Private FAI increased 6.4 percent YTD and 3.0 percent in August.
Private investment in primary industries has been double digits for months on end, but fell to 1.5 percent in August. Although it is only 4 percent of total private investment, it is the beginning of the economic cycle. It may be China is finally cracking down on overproduction.