NBS: China H1 FAI down 3.1%, property up 1.9%
Jul 16, 2020 13:00
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China’s fixed asset investment (FAI) and the funding in the property market both grew further by June, and the former, thus, still dropped but by 3.1% on year for H1 against the 6.3% on-year drop over January-May, and the latter up 1.9% on year from a 0.3% annual fall until May, according to the latest official data.
Among the total Yuan 28.2trillion ($4 trillion) FAI in H1, the fundingfromthe country’s non-state-owned investors fell 7.3% on year to about Yuan 15.8trillion, with the drop 2.3 percentage pointsless than that for the first five months, according to the latest data from the country’s National Bureau of Statistics on July