China's fixed-asset investment up 8.9 pct in Jan.-Aug.

2021-09-15 03:30:12 GMT2021-09-15 11:30:12(Beijing Time) Xinhua English

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. Enditem