China's urban fixed asset investment fell 7.2% in the first eight months of the year, while the information services sector grew by 22.7%.

China's urban fixed asset investment fell 7.2% in the first eight months of the year, while the information services sector grew by 22.7%.

From January to August, investment in my country's high-tech industries steadily increased, while investment in intellectual property products grew rapidly.

On September 15, the National Bureau of Statistics released data showing that from January to August, national fixed asset investment (excluding rural households) totaled 29,309.2 billion yuan, a year-on-year decrease of 7.2% (calculated on a comparable basis, see Note 7 for details). Among them, investment in intellectual property products increased by 9.2% year-on-year.

By sector, infrastructure investment fell by 4.0% year-on-year, manufacturing investment fell by 2.3%, and real estate development investment fell by 19.9%.

Investment in high-tech industries increased by 5.2% year-on-year, with investment in information services, aviation, spacecraft and equipment manufacturing, and electronic and communication equipment manufacturing increasing by 22.7%, 14.9%, and 6.9%, respectively.

By industry, investment in the primary sector was 583.2 billion yuan, down 2.4% year-on-year; investment in the secondary sector was 11,309.4 billion yuan, down 2.9%; and investment in the tertiary sector was 17,416.6 billion yuan, down 9.9%.

Industrial investment decreased by 2.9% year-on-year. Among them, investment in mining increased by 3.4%, investment in manufacturing decreased by 2.3%, and investment in the production and supply of electricity, heat, gas and water decreased by 6.9%.

Infrastructure investment (see Note 1 for details) decreased by 4.0% year-on-year. Among them, investment in information transmission increased by 28.4%, investment in air transport increased by 16.7%, and investment in water transport increased by 14.7%.

By region, investment in the eastern region decreased by 9.4% year-on-year, investment in the central region decreased by 8.7%, investment in the western region decreased by 8.8%, and investment in the northeastern region decreased by 25.5%.

By registration category, fixed asset investment by domestic enterprises decreased by 7.1% year-on-year, fixed asset investment by Hong Kong, Macao and Taiwan-invested enterprises decreased by 6.9%, and fixed asset investment by foreign-invested enterprises decreased by 4.3%.

From January to August, private fixed asset investment decreased by 10.1% year-on-year. On a month-on-month basis, fixed asset investment (excluding rural households) decreased by 0.5% in August.

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