1st LD: China's fixed-asset investment up 5.4 pct

0 Comment(s)Print E-mail Xinhua, October 18, 2019
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BEIJING, Oct. 18 (Xinhua) -- China's fixed-asset investment (FAI) grew 5.4 percent year on year in the first three quarters of 2019, retreating 0.1 percentage points from the January-August period, data from the National Bureau of Statistics (NBS) showed Friday.

In the first nine months, the FAI amounted to 46.1 trillion yuan (about 6.5 trillion U.S. dollars).

Investment by the state sector went up 7.3 percent during the period, while private-sector investment increased 4.7 percent, 0.2 percentage points lower than that in the first eight months.

"Investment has maintained steady growth, with that in high-tech industries continuing to post relatively fast growth," the NBS said in a statement.

Investment in high-tech manufacturing and services surged 12.6 percent and 13.8 percent year on year, respectively.

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

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