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Agricultural Development Bank of China
Economy

China's fixed-asset investment down 0.3 pct in Jan.-Aug.

September 15, 2020


Abstract : China's fixed-asset investment (FAI) edged down 0.3 percent year on year during the January-August period, with the decline narrowing from the 1.6-percent fall in the first seven months, official data showed Tuesday.

BEIJING, Sept. 15 (Xinhua) -- China's fixed-asset investment (FAI) edged down 0.3 percent year on year during the January-August period, with the decline narrowing from the 1.6-percent fall in the first seven months, official data showed Tuesday.

In the first eight months, the FAI amounted to 37.88 trillion yuan (about 5.55 trillion U.S. dollars), according to the National Bureau of Statistics.

Investment by the state sector went up 3.2 percent during the period, while private-sector investment fell 2.8 percent, with the drop narrowing 2.9 percentage points from that in the first seven months.

On a month-on-month basis, FAI rose 4.18 percent in August.

The FAI includes capital spent on infrastructure, property, machinery and other physical assets. Enditem

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Keyword: China economy fixed asset investment

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