China’s Fixed-Asset Investment up 3.6 Percent in First Seven Months

China's fixed-asset investment rose 3.6 percent year on year in the first seven months of 2024, data from the National Bureau of Statistics (NBS) showed Thursday. The NBS said in a statement that the fixed-asset investment in the private sector totalled 14.71 trillion yuan during the period, on par with the same period last year, according to China's News Agency (Xinhua). In the first seven months, investment in China's secondary industry registered the highest year-on-year growth rate of 12.5 percent among all three industries, the NBS said, adding that the total value of the investment stood at about 9.85 trillion yuan. Investment in the mining and manufacturing industries increased by 19.3 percent and 9.3 percent year on year, respectively during the period. And that in electricity, heat, gas and water production and supply industry surged by 23.8 percent from a year earlier. Source: Qatar News Agency