National Bureau of Statistics: Excluding real estate development investment, private investment in non-government projects increased by 3% year-on-year from January to August, faster than the overall investment growth.

The National Bureau of Statistics spokesperson Fu Linghui stated at a press conference held by the State Council Information Office on September 15 that in private investment, real estate development investment accounts for a relatively large proportion. Due to the decline in real estate development investment, private fixed asset investment decreased by 2.3% year-on-year in the first eight months of the year. Among them, private investment in real estate development decreased by 16.7% from January to August, dragging down the overall private investment growth rate by 4.5 percentage points. Excluding real estate development investment, private project investment increased by 3% year-on-year in the first eight months, faster than the overall investment growth.