Investments in the main capital of China in the first half rose by 8.6%

© Fotolia / SeanPavonePhotoГород Beijing. Archival photoInvestments in the main capital of China in the first half rose by 8.6%© Fotolia / SeanPavonePhoto

Investment in fixed assets (excluding agriculture) of China in the first half of 2017 increased by 8.6% compared to the same period last year, according to data of the state statistical Bureau of China.

In January-June 2017 total investment in fixed assets amounted of 28.06 trillion yuan ($4.14 trillion), which is 8.6% more compared to the same period last year and 0.5 percent more total than last year.

The share of investment of state-owned enterprises for the period increased by 12%, and the private sector — 7.2%. The share of private investment took 60.7% of the total investment.

Analysts are closely watching the share of private sector investment, as a record of weak investment since the beginning of last year showed a pessimistic attitude of businesses regarding the future prospects of China’s economy. In January of this year, the growth rate of private sector investment accelerated.

Investment in fixed assets in China by the end of 2016 increased by 8.1% and amounted to 59,65 trillion yuan (about of 8.69 trillion dollars).

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