Consistent forecast: January-October urban fixed asset investment rose 24.5%

by Bao Zhe November 5, "The crystal ball China macroeconomic October consensus", released by the "Securities Market weekly" by Sina Finance Exclusive network, shows that January-October urban fixed assets Investment average growth expectancy of 24.5%. Consistent expected survey data show that January-October urban fixed asset investment growth of the expected maximum value of 33.2%, the lowest value of 21.6%, median 24.4%.　　January-October expected average value of 24.5% and January-September urban fixed assets Investment year-on-year growth of 24.5% of the true value is basically flat.　　Macro-source Securities (000562.SZ) macro analyst Cai said in an interview, although energy conservation efforts to reduce the increase in fixed asset investment, but by the construction of affordable housing, regional revitalization planning, new industries and disaster reconstruction accelerated implementation of the boost, the October cumulative year-on-year growth and last month basically flat. Du Zhenzheng, the Bohai Securities macro analyst, said in a telephone interview that although the central investment has been reduced, the local government is now speeding up the construction of affordable housing, plus the positive advance of the Western development, making local investment higher.　　In addition, the liquidation of local financing platforms in the middle of the year was largely over by September, and local financing needs had a recovery growth in October.　　Du Zhenzheng said that the cumulative urban fixed assets investment in the next two months will continue to grow at about 24% per cent. Liu Chunming, a senior analyst at the research Center at ICBC's investment banking department, said in a telephone interview that although there had been a decrease in the number of new projects recently, the investment in the project was very large, real estate investment was 601398.sh,01398.hk, and investments in urban rail were also increasing,　　Therefore, the growth rate of urban fixed assets investment will remain stable in the short term. For 2011 years of investment in urban fixed assets, Liu Chunming is not optimistic.　　He said the government will continue to control investment growth next year, with a bigger structure and a cumulative growth rate of 20% to 25% per cent for fixed asset investment next year. The agencies involved include BofA Merrill Lynch, Paris-France Securities, Standard Chartered Bank, Citibank, HSBC, Bank of China (601988.SH/03988.HK), ICBC (601398.SH/01398.HK), CICC, Wanguo, Merchants Securities ( 600999.SH).