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According to data from the National Bureau of Statistics, fixed asset investment in China (excluding rural households) from January to July was 28.8229 trillion yuan, an increase of 1.6% year-on-year. Excluding real estate development investment, fixed asset investment in China grew by 5.3%. By sector, infrastructure investment increased by 3.2%, manufacturing investment increased by 6.2%, and real estate development investment decreased by 12.0%. The national sales area of newly-built commercial buildings was 515.6 million square meters, a decrease of 4.0% year-on-year, with sales amounting to 49.566 billion yuan, a decrease of 6.5%. By industry, investment in the primary industry increased by 5.6%, in the secondary industry by 8.9%, and in the tertiary industry decreased by 2.3%. Private investment declined by 1.5% year-on-year, but excluding real estate development investment, private investment increased by 3.9%. In high-tech industries, investment in aerospace and aerospace equipment manufacturing, information services, and computer and office equipment manufacturing increased by 33.9%, 32.8%, and 16.0% respectively. Fixed asset investment (excluding rural households) in July decreased by 0.63% month-on-month.
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