国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Macro

China's fixed-asset investment grows 8.2% in the first three quarters

(Xinhua) Updated: 2016-10-19 10:18

China's fixed-asset investment grows 8.2% in the first three quarters

BEIJING - China's fixed-asset investment (FAI) in the first nine months grew 8.2 percent year on year, slightly up from the 8.1 percent registered during the January-August period, official data showed Wednesday.

In September, FAI rose 9 percent year on year, accelerating from 8.2 percent in August and 3.9 percent in July, as the country boosted infrastructure spending to stabilize economic growth, according to data from the National Bureau of Statistics (NBS).

Infrastructure investment expanded 19.4 percent in the first nine months, while FAI in the industrial sector climbed 3.2 percent during the period, up from 2.9 percent in the first eight months.

Private sector FAI, which accounts for more than 60 percent of the total FAI and had concerned policymakers for its lackluster growth, grew 2.5 percent in the first nine months, increasing from 2.1 percent in the first eight months.

On a monthly basis, private sector FAI rose at a faster pace of 4.5 percent in September, up from 2.3 percent in August, due to improving economic activity and government efforts in cutting red tape and easing private investment restrictions.

Fixed-asset investment includes capital spent on infrastructure, property, machinery and other physical assets.

Growth in property development investment continued to accelerate, to 5.8 percent in the first nine months from 5.4 percent in the first eight months, and 5.3 percent during the January-July period.

Housing sales maintained steady growth. In terms of floor area, property sales jumped 26.9 percent in the first nine months, accelerating from 25.5 percent in the first eight months, largely supported by credit extensions from commercial banks.

NBS spokesperson Sheng Laiyun said property sales has played an important role in driving the economy, contributing 8 percent to GDP growth in the first three quarters.

The country's property market has become increasingly divided with major cities reporting record prices and imposing purchase restrictions while smaller cities struggle to tackle large inventories and explore ways to increase sales.

The figures were among a series of indicators released by the NBS, including GDP, industrial production and retail sales, which all pointed to a stabilizing economy.

The NBS said that China's GDP expanded 6.7 percent year on year in the third quarter, holding steady with the second quarter and within the government target range of 6.5 to 7 percent for 2016.

 

Hot Topics

Editor's Picks
...
桓台县| 宕昌县| 利津县| 柘荣县| 辉南县| 措美县| 抚州市| 云林县| 湖口县| 彭阳县| 建瓯市| 日土县| 沈阳市| 巫溪县| 元朗区| 东山县| 南华县| 多伦县| 宜黄县| 色达县| 西乌| 和龙市| 大渡口区| 宣武区| 宿松县| 北碚区| 西乡县| 化隆| 石楼县| 嘉荫县| 泉州市| 广东省| 渝中区| 修文县| 祥云县| 阿瓦提县| 万年县| 沂源县| 石门县| 当阳市| 连江县|