Fixed - asset investment, the principal driver of Chinese growth,
recorded anemic growth at 1.05 % and 1.03 % in January and February, respectively (compared with 1.49 % and 1.42 % in the same period last year).
Cushman & Wakefield's research note provides some context to the consumer spending under - performance: «If consumer spending
growth in the current cycle matched the average of the preceding four expansions, U.S. GDP
growth during the expansion would have averaged a very respectable 3 percent per year instead of the
anemic 2.1 percent per - year
growth the economy has actually
recorded.»