National Bureau of Statistics on the slowdown of investment growth: The downward effect of the real estate industry adjustment is more apparent.

The National Bureau of Statistics released data showing that from January to October, the total fixed-asset investment in the country was 40.8914 trillion yuan, a decrease of 1.7% year-on-year; excluding real estate development investment, national fixed-asset investment increased by 1.7%. Fu Linghui, spokesman of the National Bureau of Statistics, chief economist, and director of the Department of Comprehensive Economic Statistics of the National Bureau of Statistics, said at a press conference of the State Council Information Office that the slowdown in investment growth is the result of various factors. From the perspective of investment subjects, the external environment is complex and severe, domestic market competition is fierce, investment returns are declining, and market operators are becoming more cautious in their investment decisions, showing weak profitability of enterprises, slowdown in private investment, which will affect investment growth. From the perspective of structural factors, the proportion of real estate development investment in the total investment is relatively high, and the downward effect of the adjustment in the real estate industry on investment growth is more obvious, so the national fixed-asset investment after excluding real estate development investment is increasing.