NBS: China Jan-Oct FAI up 5.2%, property up 10.3%
Nov 14, 2019 11:30
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China’s fixed asset investment (FAI) in general grew 5.2% on year to Yuan 51.1 trillion ($7.3 trillion) over January-October, and the growth in the funding in the property sector was recorded at 10.3%, according to the latest release from the country’s National Bureau of Statistics (NBS) on November 14.
Both the growths were off 0.2 percentage point from those for the first nine months, and among the whole FAI, the funding from private investors remained the dominant contributor with Yuan 29.2 trillion over the first ten months, though its growth eased 0.3 percentage point from the first three quarters