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BEIJING, Nov. 14 (Xinhua) -- China's private fixed-asset investment recorded a slowdown in growth in the first 10 months of this year, but the overall investment structure has improved, official data showed Tuesday.
In the first 10 months, fixed-asset investment (FAI) by the private sector grew 5.8 percent year on year to 31.37 trillion yuan (about 4.73 trillion U.S. dollars)
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The growth rate was lower than the 6-percent increase for the first nine months, said the NBS.
The amount accounted for 60.6 percent of the total FAI, compared with 60.5 percent for the January-September period.
Private investment to the primary sector rose 15.6 percent in the 10-month period, followed by an increase of 7.7 percent for the service sector and 3.2 percent for the secondary sector.
Growth in the country's total FAI also slowed in this period, growing 7.3 percent year on year
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FAI includes capital spent on infrastructure, property, machinery and other physical assets, but the bureau's calculation does not include FAI by farmers.
Despite a growth slowdown, China has continued to see structural improvement within FAI
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Rapid investment growth was seen in fields like high-tech and infrastructure, registering 16.8 percent and 19.6 percent growth respectively, while investment in energy-intensive sectors went down 2.2 percent, she said.
For the private sector
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The private sector contributes more than 60 percent of China's GDP growth and provides over 80 percent of jobs.
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