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NBS: China’s 2020 FAI up 2.9%, property up 7%

China’s fixed asset investment (FAI) continued to grow in the last month of 2020, and the whole year’s total FAI grew 2.9% on year, up 0.3 percentage point from the gain in the first eleven months, among which the funding in the property market grew more substantially by 7% on year for 2020, or 0.2 percentage point more than the rise for the first eleven months, according to latest release by the country’s National Bureau of Statistics (NBS).
Last year, China’s FAI approximated Yuan 52 trillion ($8 trillion), among which that from privately-owned enterprises accounted for Yuan 28.9 trillion,up 1% on year or 55.7% of the total, and among the three key sectors, the funding in the industries including light and heavy inched up by 0.1% and that

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