Investments in Fixed Assets Rose 24.8% from January in China

Fixed Asset Investments in China during the first eight months increased by 24.8% yoy to reach 14,100 billion yuan, the National Bureau of Statistics (NBS) said on Saturday.

The growth rate was 0.1 percentage point lower than that for the first seven months.The investments in the state and controlled by the state rose 20.0% to 5850 billion yuan.

Investments in the property market rose by 36.7% to 2,840 billion yuan during the first eight months.

Investment in projects of the central government rose by 11.4% to 1120 billion yuan, while investment in projects of local governments increased by 26.1% to 12,980 billion yuan during the first eight months .

Foreign investment rose 2.5% to 488.7 billion yuan from January to August over a year. Investment from Hong Kong, Macao and Taiwan rose 15.8% to 445.4 billion yuan. The domestic business investment rose by 26.3% to 13,110 billion yuan.

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