NBS: China’s Jan-Aug FAI up 5.5%, property up 10.5%
Sep 16, 2019 15:30
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China's fixed asset investment (FAI) in general grew 5.5% on year to Yuan 40.1 trillion ($5.6 trillion) for January-August, with the growth slowing down 0.2 percentage point from January to July. Investment in the property market grew 10.5% on year over the eight months, though this too was down 0.1 percentage point from January to July, according to the latest updates from China’s National Bureau of Statistics (NBS) released on September 16.
Within the total, private sector FAI increased by 4.9% on year to Yuan 23.7 trillion during January-August, off 0.5 percentage point from the first seven months, the NBS data showed.
Yearly growth in funding for infrastructure construction increased by 0.4 percentage point from January to July to 4.2% for the first