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NBS: China’s Jan-Aug FAI up 8.9%, property up 10.9%


Over January-August, China’s fixed asset investment (FAI) grew 8.9% on year to about Yuan 34.7 trillion ($5.4 trillion), among the total, the funding in the property market increased 10.9% on year to Yuan 9.8 trillion, both posting slower growths than those over January-July, Mysteel Global noted from the data released by the country’s National Bureau of Statistics (NBS) on September 15.
Over January-August, the growth in FAI was slower than 10.3% on-year growth over January-July, but it was up 8.2% than two years ago, and among the total, the funding from the privately-owned enterprises remained the dominant contributorwith Yuan 19.85 trillion, accounting for 57.2% of the totalor up 11.5% on year,


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