China's fixed-asset investment up 3.4 pct in first three quarters

China's fixed-asset investment rose 3.4 percent year on year in the first three quarters of 2024, data from the National Bureau of Statistics (NBS) showed Friday.

The investment totaled 37.8978 trillion yuan (about 5.3 trillion U.S. dollars) during the period, the NBS said in a statement.

Investment in infrastructure construction rose 4.1 percent from a year ago during the January-September period, and manufacturing investment increased 9.2 percent. Investment in high-tech industries posted robust growth, up 10 percent.

Excluding the property sector, the country's fixed-asset investment climbed 7.7 percent in the first three quarters. Investment in property development fell 10.1 percent.