China's fixed-asset investment down 0.3% in first 8 months

Xinhua
China's fixed-asset investment edged down 0.3 percent year on year during the January-August period.
Xinhua

China's fixed-asset investment 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 on Tuesday.

In the first eight months, the FAI amounted to 37.88 trillion yuan (US$5.55 trillion), 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.

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