Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Economy

China's fixed-asset investment sees steady growth in first 10 months

November 16, 2020


Abstract : China's fixed-asset investment went up 1.8 percent year on year in the first 10 months of the year, 1 percentage point higher than the rise in the first nine months, data from the National Bureau of Statistics showed Monday.

BEIJING, Nov. 16 (Xinhua) -- China's fixed-asset investment (FAI) grew steadily in the first 10 months of 2020 amid the country's stable economic recovery from the COVID-19 epidemic.

The FAI went up 1.8 percent year on year in the Jan.-Oct. period, 1 percentage point higher than the rise in the first nine months, data from the National Bureau of Statistics (NBS) showed Monday.

In the first 10 months, the FAI amounted to 48.33 trillion yuan (about 7.32 trillion U.S. dollars), according to the NBS.

Investment by the private sector fell 0.7 percent year on year in the first 10 months, with the drop narrowing 0.8 percentage points from that in the first nine months.

Investment in the primary industry went up 17.3 percent year on year, while that in the secondary industry fell 2.1 percent. Investment in the tertiary industry edged up 3 percent.

Meanwhile, investment in high-tech manufacturing and services surged 10 percent and 9.4 percent year on year, respectively.

On a month-on-month basis, FAI rose 3.22 percent in October.

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

Scan the QR code and push it to your mobile phone

Keyword: fixed-asset investment

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial