In the January-October period of this year, total fixed asset investments (FAI) (excluding rural households) in China amounted to RMB 51.088 trillion ($7.29 trillion), up 5.2 percent year on year, as announced by China's National Bureau of Statistics (NBS), with a decrease of 0.2 percentage points from the year-on-year increase rate in the January-September period this year.
In the first ten months of this year, total FAI in China's infrastructure rose by 4.2 percent year on year, 0.3 percentage points lower than the increase recorded in the January-September period, reflecting the downward pressure on China’s economic development. However, market players are still expecting higher investments in infrastructure in the remainder of the year as new local government bonds will be issued to boost infrastructure investments.
The growth rates of infrastructure investments in China's mining sector in the January-October period was 1.1 percentage points lower compared to the January-September period, while the growth rate of investment in the manufacturing sector slowed down by 0.1 percentage point in the first ten months of the year compared to the January-September period.