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1st LD: Growth of China's fixed-asset investment further eases

Xinhua,December 14, 2017 Adjust font size:

BEIJING, Dec. 14 (Xinhua) -- Growth in China's fixed-asset investment (FAI) continued to ease in the first 11 months of the year, data showed Thursday.

The FAI rose 7.2 percent year on year for January-November, slightly down from 7.3 percent during the first 10 months, according to the National Bureau of Statistics.

This marked growth deceleration for eight consecutive months. The pace was down from 8.3 percent during the same period of 2016.

On a monthly basis, the FAI edged up 0.53 percent in November from the previous month.

Infrastructure investment, which accounts for more than 20 percent of total FAI, surged 20.1 percent year on year during the period, with the pace of growth accelerating from 19.6 percent for January-October.

For the first 11 months, high-tech manufacturing saw investment up by 15.9 percent, compared with 14.5 percent during the same period of 2016. Enditem

 

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