NBS: China Jan-Jul FAI down 1.6%, property up 3.4%
Aug 14, 2020 12:30
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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