Aerial photo taken on Aug. 9, 2021 shows a mega bridge of the Pingtang-Luodian Expressway in southwest China's Guizhou Province. (Xinhua/Yang Wenbin)
BEIJING, Dec. 15 (Xinhua) -- China's fixed-asset investment went up 5.2 percent year on year in the first 11 months of the year, data from the National Bureau of Statistics (NBS) showed Wednesday.
During the first 11 months, the fixed-asset investment amounted to over 49.4 trillion yuan (about 7.8 trillion U.S. dollars), according to the NBS.
Compared with the 2019 level, the growth came in at 7.9 percent during the period. The two-year average growth stood at 3.9 percent.
Investment by the private sectors rose 7.7 percent year on year to over 28.1 trillion yuan in the first 11 months, the NBS data showed.
On a month-on-month basis, the fixed-asset investment gained 0.19 percent in November.
In the first 11 months, investment in the primary, secondary and tertiary industries increased 9.3 percent, 11.1 percent and 2.5 percent, respectively, from a year earlier.
Investment in manufacturing and infrastructure gained 13.7 percent and 0.5 percent year on year, respectively, NBS data showed.
The fixed-asset investment includes capital spent on infrastructure, property, machinery and other physical assets. Enditem
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