NBS: China’s H1 FAI up 5.8%, property up 10.9%
Jul 15, 2019 12:30
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China's fixed asset investment (FAI) grew by 5.8% on year to Yuan 29.9 trillion ($4.3 trillion) for January-June, up 0.2 percentage point from that for January-May, while the FAI in the property market grew 10.9% on year in H1, 0.3 percentage point lower than the first five months, according to the latest data released by China’s National Bureau of Statistics on July 15.
Among the total FAI, that from the state-owned enterprises grew faster by 6.9% on year, though the privately-owned enterprises remained the core contributor, providing about Yuan 18trillion or 60.3% of the total, or up 5.7% on year for H1.
Among the three core industrial sectors, the funding in the tertiary industry