高盛：宏观经济－中国经济数据－07年1-2月固定资产投资增速反弹

March 16, 2007 2页

􀂃 Headline fixed asset investment (FAI) rebounded to 23.4% year on year (yoy) in January-February,
up from 13.8% yoy in December. On a quarter-on-quarter (qoq); seasonally-adjusted; annualized basis, FAI
growth accelerated to 32.2% and 23.0% in February and January respectively from 11.3% in December.
􀂃 The acceleration in FAI growth confirms our view that China’s growth is gaining more momentum. If
investment demand continues to strengthen on the back of monetary expansion, inflationary pressures will
likely revisit in the near term. Therefore, we expect