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China's fixed-asset investment down 0.3 pct in Jan.-Aug.

2020-09-15 03:04:47 GMT2020-09-15 11:04:47(Beijing Time) 

BEIJING, Sept. 15 (Xinhua) -- China's fixed-asset investment (FAI) 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 Tuesday.

In the first eight months, the FAI amounted to 37.88 trillion yuan (about 5.55 trillion U.S. dollars), 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. Enditem

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