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China’s fixed-asset investment up 5.4% in first three quarters

Updated: Oct 19,2018 10:39 AM     Xinhua

BEIJING — China’s fixed-asset investment (FAI) grew 5.4 percent in the first three quarters of the year, up from 5.3 percent for January-August, data showed on Oct 19.

On a monthly basis, FAI edged up 0.1 percentage point from the January-August period, according to data from the National Bureau of Statistics (NBS).

In breakdown, the culture, sport and entertainment sector saw the fastest FAI growth in the January-September period, up 19.3 percent year-on-year. FAI in the sector of computer, communication and electronic manufacturing rose 18.3 percent.

Private investment, which accounts for more than 60 percent of total FAI, rose at a faster pace than the overall growth, up 8.7 percent year-on-year.

Industrial investment grew 5.4 percent from previous year, up 1 percentage point from January-August.

The growth of infrastructure investment continued to slow, adding only 3.3 percent year-on-year in the first nine months, down 1.3 percentage points from the January-August period.

Real estate investment increased 9.9 percent year-on-year in the first three quarters, slightly down from the 10.1-percent expansion recorded in the first eight months.