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China’s Investment in Fixed Assets Grew 2.9% in the First 10 Months of 2023

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(Xinhua file photo: Beautiful flowers bloom at a park in Beijing. China’s capital, March 19, 2023)

BEIJING, Nov. 15 (Xinhua) — China’s National Bureau of Statistics Wednesday (Nov. 15) It is reported that the country’s investment in fixed assets in the first 10 months (January-October) of 2023 increased 2.9 percent year-on-year, accounting for about 41.94 trillion yuan (about 211 trillion baht).

The report states that investment in fixed assets of the manufacturing sector Such a time Increased 6.2 percent year-on-year. Meanwhile, investment in fixed assets from the private sector was approximately 21.59 trillion yuan (about 106 trillion baht), down 0.5 percent year-on-year.

Investment in infrastructure construction increased 5.9 percent from the same period last year. Investment in the rail transport sector expanded by 24.8 percent.

The eastern China region saw the highest increase in investment in fixed assets during the period. Increased 4.9 percent year-on-year. Meanwhile, the central, western, and northeastern areas of the country saw investment in fixed assets decrease by 0.1 percent, 0.5 percent, and 3.5 percent, respectively.

Foreign companies’ investment in fixed assets in China in the first ten months increased 0.9 percent year-on-year. Investment from domestic entrepreneurs grew 3.2 percent.

However, investment in fixed assets When counting only October increased by 0.1 percent compared to the previous month.

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2023-11-15 16:12:11

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