UTC+8 ( BJT)

NBS: China Jan-Jul FAI down 1.6%, property up 3.4%

China’s fixed asset investment (FAI) still declined by 1.6% on year over January-July, but it narrowed from the 3.1% drop in the first half, and the funding in the domestic property market grew 3.4% on year by July against the 1.9% on-year growth in H1, indicating continuing recoveries in July, according to the latest data from China’s Bureau of Statistics (NBS).
Of the total Yuan 32.9 trillion ($4.7 trillion) FAI over January to July, the funding from the country’s non-state-owned investors fell 5.7% on year to Yuan 18.4 trillion, with the drop being 1.6 percentage points less than the first half of 2020, according to the data. As for all the economic

............

To read the full article take a free 7-day trial to Mysteel Global

FREE TRIAL
+65 6653 8227