UTC+8 ( BJT)

NBS: China’s Jan-Apr FAI up 20%, property up 22% on year

ABSTRACT

China’s fixed asset investment (FAI) grew 19.9% on year over January-April to approximately Yuan 14.4 trillion ($2.2 trillion), which was up 8% from two years earlier, according to the release by the country’s National Bureau of Statistics (NBS) on May 17. Among the total, that in the property market jumped 21.6% on year or by 17.6% compared with January-April 2019.
Among the country’s FAI over January-April, privately-owned enterprises still accounted for the most at about Yuan 8.3 trillion, equivalent to 57.4% of the total or up 21% on year, the data showed. Over January-April, tertiary industry was allocated the most funding among the three main industrial sectors, up 18.7% on year

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

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

FREE TRIAL
+65 6653 8227