China’s economy has stepped into a more stable stage than before since 2015.The economic downturn has generally been turned around.However,the growth rate of private investment keeps declining.It suffered“a cliff-like drop”in early 2016 and began to rise again slowly from July.Private investment has undergone a major adjustment from exiting the market to re-entering it.It is known that private investment has been playing an active role in China’s economy.Featuring independent decision-making and self-financing,private investment has more hard-budget constraints.The investment actually indicates the investor’s judgment on the economic situation while the direction of investing indicates the investor’s prediction on the economic trend.
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