En20120724001.jpg
About us Advertisement service Contact us Into the Chinese
Home Macro-economy Steel News Raw Material Equipment & Technology Steel End-users Products
Steel News Daily
Steel End-users
China's fixed-asset investment up 8.3 pct in first 11 months
  Release time: 2016/12/15 09:14:00  Author: 

China's fixed-asset investment (FAI) rose 8.3 percent year on year to 53.85 trillion yuan (about 7.8 trillion U.S. dollars) in the first 11 months of 2016, data showed Tuesday.

The growth remained unchanged from the January-October period, the National Bureau of Statistics (NBS) said.

Fixed-asset investment includes capital spent on infrastructure, property, machinery and other physical assets.

Infrastructure investment expanded 18.9 percent in the first 11 months, while FAI in high-tech industries surged 15.9 percent during the period, according to NBS data.

FAI by state-owned enterprises climbed 20.2 percent year on year during the period. Private sector FAI, which accounts for more than 60 percent of the total FAI, grew 3.1 percent in the first 11 months, accelerating from 2.9 percent in the first 10 months.

Growth in property development investment fell slightly to 6.5 percent for the January-November period, after rapid housing price rises in major cities forced the country to impose restrictions on home purchases.

Other indicators released by the NBS included industrial production and retail sales, pointing to stabilization in the world's second-largest economy.

To share the micro-blog:
vanitec.jpg
 
NO.26 Building, An zhenli 3th Area, Chao Yang District, Beijing. Postcode: 100029
Tel: 86-10-64441860 Fax: 86-10-64410636 Email: csteelnews@126.com
www.csteelnews.com. All Rights Reserved.