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China’s fixed-asset investment up 5.7% in first 10 months

Updated: Nov 14,2018 11:26 AM     Xinhua

BEIJING — China’s fixed-asset investment (FAI) rose 5.7 percent in the first 10 months of the year, accelerating from 5.4 percent for Jan-Sept period, data showed on Nov 14.

This marked a growth rebound for the second consecutive month.

On a monthly basis, FAI edged up 0.44 percent from September, according to data from the National Bureau of Statistics (NBS).

In breakdown, investment in infrastructure increased 3.7 percent in the first 10 months, slightly up from 3.3 percent for Jan-Sept period. FAI in high-tech manufacturing and equipment manufacturing jumped 16.1 percent and 11.1 percent during the period, respectively.

Private investment rose at a faster pace than the overall growth. FAI by the private sector expanded 8.8 percent year-on-year in the first 10 months, compared with 8.7 percent in the first nine months.

Investment in property development rose 9.7 percent year-on-year for Jan-Oct period, slightly down from 9.9 percent during the first nine months, according to NBS data.

Housing sales measured by floor area grew 2.2 percent during the period, with the growth down from 2.9 percent for Jan-Sept period.

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