ZCZC
BCN-31
CHINA-FIXED-ASSET-INVESTMENT
China’s fixed-asset investment up 5.3 pct in first 8 months
BEIJING, Sept. 14, 2018 (BSS/Xinhua) – China’s fixed-asset investment
(FAI) rose 5.3 percent in the first eight months of the year, slightly down
from 5.5 percent for January-July, data showed Friday.
On a monthly basis, FAI edged up 0.44 percent from July, according to data
from the National Bureau of Statistics (NBS).
FAI growth has been declining since the beginning of this year.
Despite the slower FAI growth, NBS spokesperson Mao Shengyong said the
structure of investment continued to improve.
In breakdown, investment in infrastructure increased 4.2 percent in the
first eight months, down from 5.7 percent for January-July. FAI in high-tech
manufacturing and equipment manufacturing jumped 12.9 percent and 9.2 percent
respectively during the period.
Private investment rose at a faster pace than the overall growth. FAI by
the private sector expanded 8.7 percent year on year in the first eight
months, compared with 8.8 percent in the first seven months.
Property development investment climbed 10.1 percent year on year for
January-August, slightly down from 10.2 percent during the first seven
months.
Housing sales measured by floor area grew 4 percent during the period,
with the growth down from 4.2 percent for January-July.
BSS/XINHUA/HR/1110