NBS: China's Jan-Feb FAI up 5.5%, property down 5.7% YoY

China's fixed asset investment (FAI) increased by 5.5% on year to Yuan 5.36 trillion ($778.5 billion) over January-February, according to the latest release by the country's National Bureau of Statistics (NBS) on Wednesday morning. Within the total, the funding in the domestic property market declined by 5.7% on year to Yuan 1.37 trillion.

During the first two months, China's privately-owned enterprises contributed Yuan 2.9 trillion, or 54.9% of the country's total FAI, up 0.8% on year. And the tertiary industry attracted the most funding among the three economic sectors, with the amount increasing by 3.8% on year to Yuan 3.6 trillion. Moreover, the funding in infrastructure construction