January-July Urban fixed assets investment year-on-year growth average 25%

August 6, "The Securities market Weekly" by the Sina Finance exclusive network released "Crystal Ball China's macroeconomic July consensus" shows that January-July urban fixed assets Investment year-on-year growth average of 25%, the first half of the chain decreased by 0.5%.　　Statistics show that since 2010, the growth of urban fixed assets continued to decline, the first half of 2010, urban fixed asset investment growth of 25.5%, January-July urban fixed assets investment year-on-year growth average continued to maintain a downward trend.　　Wang Tao, the chief China economist at UBS Securities, told reporters in a written interview that fixed asset investment and industrial production growth will slow further. In July, Wang said, real estate sales continued to be weak, housing prices further down, and new construction areas will be more obvious deceleration.　　But the overall real estate construction activities will be supported by the Government to promote the supply of affordable housing. Meanwhile, Wang Yu, China's chief economist at JPMorgan, said in an interview that the recent decline in new orders reflected a slowdown in domestic demand under macro-policy tightening.　　Current consumer spending continues to expand steadily, and the latest macroeconomic indicators have confirmed the steady slowdown in fixed asset investment after a price adjustment.　　Consistent expected survey data show that January-July urban fixed asset investment growth rate of 26%, the lowest value is 23.8%, the expected median value is 25.1%. The agencies involved in this survey include Bank of China (601988.SH,03988.HK), Bank of Communications (601328.SH,03328.HK), Guotai Securities, Everbright Securities (601788.SH), Haitong Securities (600837.SH), Merchants Securities ( 600999.SH), Bank of America Merrill Lynch, France Paris Securities, as well as Standard Chartered banks, HSBC and so on.