NBS: China’s 2019 FAI up 5.4%, property up 9.9%
Jan 17, 2020 14:30
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Fixed asset investment (FAI) in China’s manufacturing sector grew by a total of 5.4% on year during full year 2019, up 0.2 percentage point from the first eleven months, according to the latest data from the National Bureau of Statistics (NBS) released on Friday. FAI in the domestic property market increased by 9.9% on year during January-December, though this was off by a tiny 0.3 percentage point from the January-November reading, the data show.
Among the total of Yuan 55.1 trillion ($7.9 trillion) of funds invested last year, investment sourced from private sector contributed Yuan 31.1 trillion, up 4.7% compared with 2018, which was 0.2 percentage point higher from the January-November total, according to NBS.
Last year, growth in funding for tertiary industry remained the