October data from China

Fixed Assets (excluding rural) 7.3% y/y ... in line

  • expected 7.3%, prior 7.5%

More detail ... via Reuters:

Private sector fixed-asset investment

  • rose 5.8 percent in January-October, down from the first nine months of the year

Property investment (mainly focuses on residential real estate but also includes commercial and office space) in October alone rose 5.6 percent from a year earlier (Reuters calculations based on the data).

  • Down from 9.2% in September.
  • October the slowest since July
  • rose 7.8 percent in January-October from the same period a year earlier (from +8.1 percent in the first nine months of 2017)

New construction starts measured by floor area

  • -4.3% y/y in October (+1.4% in September)
  • rose 5.6 percent in January-October (6.8 percent rise in the first nine months of the year)

Property sales by floor area

  • down 6.0% in October (-1.5% in September)
  • biggest fall since January and February of 2015
  • grew 8.2 percent (from 10.3 percent growth seen in the first nine months of the year)

Check those property figures out - a significant slowdown in property investment.