China's fixed-asset investment up 7.3% in Jan.-Sept.

0 Comment(s)Print E-mail Xinhua, October 18, 2021
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China's fixed-asset investment (FAI) went up 7.3 percent year on year in the first nine months of this year, data from the National Bureau of Statistics (NBS) showed Monday.

During the first three quarters, the FAI amounted to over 39.78 trillion yuan (about 6.19 trillion U.S. dollars), according to the NBS.

Compared with the 2019 level, the FAI growth came in at 7.7 percent during the period. The two-year average growth stood at 3.8 percent.

Investment by the private sector rose 9.8 percent year on year to nearly 22.75 trillion yuan in the first three quarters, the NBS data showed.

On a month-on-month basis, FAI gained 0.17 percent in September.

In the first nine months, investment in the primary, secondary, and tertiary industries increased 14 percent, 12.2 percent, and 5 percent, respectively, from a year earlier.

Investment in manufacturing and infrastructure gained 14.8 percent and 1.5 percent year on year, respectively, NBS data showed.

The FAI includes capital spent on infrastructure, property, machinery, and other physical assets. 

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