China's fixed-asset investment up 8.9 pct in Jan.-Aug.
Xinhua
15 Sep 2021, 09:14 GMT+10
BEIJING, Sept. 15 (Xinhua) -- China's fixed-asset investment (FAI) went up 8.9 percent year on year in the first eight months of this year, data from the National Bureau of Statistics (NBS) showed Wednesday.
During the January-August period, the FAI amounted to over 34.69 trillion yuan (about 5.38 trillion U.S. dollars), according to the NBS.
Compared with the 2019 level, the FAI growth came in at 8.2 percent for the period. The average January-August growth rate in the recent two years stood at 4 percent.
Investment by the private sectors rose 11.5 percent year on year to 19.86 trillion yuan in the first eight months, NBS data showed.
On a month-on-month basis, FAI gained 0.16 percent in August.
The FAI includes capital spent on infrastructure, property, machinery and other physical assets.
Share
Tweet
Share
Flip
Email
Subscribe and Follow
Get a daily dose of Florida Statesman news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
News RELEASES
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Florida Statesman.
More InformationGaza War sucking life out of an Israeli generation
In the past month alone, 23 Israeli soldiers have been killed in Gaza—three more than the number of remaining living hostages held...
Faulty IT system at heart of UK Post Office scandal, says report
LONDON, U.K.: At least 13 people are believed to have taken their own lives as a result of the U.K.'s Post Office scandal, in which...
Travelers can now keep shoes on at TSA checkpoints
WASHINGTON, D.C.: Travelers at U.S. airports will no longer need to remove their shoes during security screenings, Department of Homeland...
Rubio impersonator used AI to reach officials via Signal: cable
WASHINGTON, D.C.: An elaborate impersonation scheme involving artificial intelligence targeted senior U.S. and foreign officials in...
Warsaw responds to migration pressure with new border controls
SLUBICE, Poland: Poland reinstated border controls with Germany and Lithuania on July 7, following Germany's earlier reintroduction...
Deadly July 4 flash floods renew alarm over NWS staffing shortages
WASHINGTON, D.C.: After months of warnings from former federal officials and weather experts, the deadly flash floods that struck the...
FTC’s rule to ease subscription cancellations struck down by court
WASHINGTON, D.C.: A federal rule designed to make it easier for Americans to cancel subscriptions has been blocked by a U.S. appeals...
Musk’s X loses CEO Linda Yaccarino amid AI backlash, ad woes
BASTROP, Texas: In a surprising turn at Elon Musk's X platform, CEO Linda Yaccarino announced she is stepping down, just months after...
Ex-UK PM Sunak takes advisory role at Goldman Sachs
NEW YORK CITY, New York: Former British prime minister Rishi Sunak will return to Goldman Sachs in an advisory role, the Wall Street...
Gold ETF inflows hit 5-year high as tariffs drive safe-haven bets
LONDON, U.K.: Physically backed gold exchange-traded funds recorded their most significant semi-annual inflow since the first half...
PwC: Copper shortages may disrupt 32 percent of chip output by 2035
AMSTERDAM, Netherlands: Some 32 percent of global semiconductor production could face climate change-related copper supply disruptions...
U.S. stocks recover after Trump-tariffs-induced slump
NEW YORK, New York - U.S. stocks rebounded Tuesday with all the major indices gaining ground. Markets in the UK, Europe and Canada...
