NBS: China Jan-Sept FAI up 0.8%, property up 5.6%
Oct 19, 2020 14:00
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Over January-September, China’s fixed asset investment (FAI) returned to the positive zone, up 0.8% on year against the 0.3% on-year dip for January-August, and the funding in the domestic property market grew faster at 5.6% on year, according to the release by the country’s National Bureau of Statistics on October 19, both confirming a steady recovery in the Chinese economy.
Among the total Yuan 43.7 trillion ($6.5 trillion) FAI over the past nine months, the funding from the country’s non-state-owned investors contributed to Yuan 24.4 trillion, down 1.5% on year but the slip narrowed further from the 2.8% on-year drop over January-August, according to the NBS data, while that from