BEIJING — Growth in China’s fixed-asset investment (FAI) continued to ease in the first nine months of the year, data showed on Oct 19.
The FAI rose 7.5 percent in the first nine months of the year, down from 7.8 percent for January-August, according to the National Bureau of Statistics (NBS).
This marked a growth deceleration for six consecutive months. The pace was also 0.7 percentage point lower than the same period of 2016.
Infrastructure investment, which accounts for more than 20 percent of total FAI, surged 19.8 percent year-on-year during the period. High-tech manufacturing saw investment up by 18.4 percent.
Private sector investment grew 6 percent in the first nine months, accounting for 60.5 percent of the total, according to NBS. The pace of growth cooled from 6.4 percent for January-August.