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China's Fixed Asset Investments Fall 4.1% in May

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China's fixed asset investment fell 4.1% year over year in the first five months of the year, according to data from the National Bureau of Statistics on Tuesday.

The reading compared with the 1.6% drop recorded in the January-April period. The latest print was softer than the consensus forecast of a 2.3% decline tracked by Investing.com.

Investment in infrastructure grew 0.6% year over year, while manufacturing sector investment fell 0.4%. Meanwhile, property development investment slipped 16.2% during the period.

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