For the period from January to July of this year, the total volume of fixed asset investments (FAI) (excluding rural households) in China amounted to 26.0328 trillion yuan (3.8 trillion dollars), the indicator decreased by 6.7% year-on-year, which is 1.0 percentage points faster than the decrease recorded in the first six months, as reported by the National Bureau of Statistics of China (NBS). A more significant year-on-year decrease indicates insufficient domestic demand. economic demand.;
In the first seven months, China's total infrastructure investment decreased by 3.6 percent year-on-year, which is 1.2 percentage points faster than the decline recorded in the first six months. The months of this year, as high summer temperatures and heavy rains brought by typhoons in July, negatively affected construction activity.
Fixed asset investment in China's mining and manufacturing sectors increased by 3.3 percent and decreased by 1.7 percent year-on-year, respectively, during the period.
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