China's fixed-asset investment continues to slow

BEIJING - China's fixed-asset investment continued to slow in the first 10 months of 2015, official data showed on Wednesday.

Fixed-asset investment grew 10.2 percent year on year to 44.7 trillion yuan ($7.1 trillion), 0.1 percentage points slower than the expansion seen in the first three quarters, the National Bureau of Statistics (NBS) said.

In the Jan-Oct period, fixed-asset investment in the agricultural sector grew most rapidly, up 28.1 percent, followed by 11 percent for the service sector and 8 percent for the industrial sector.

Fixed-asset investment in China's eastern, central and western regions increased 8.5 percent, 14.5 percent and 8.7 percent, respectively, flat from the rates seen in the first three quarters.

Investment by foreign companies continued to dip, down 2.4 percent year on year, compared with a 2.2-percent decrease in the Jan- Sept period.

The NBS calculation counts only projects with investment of at least five million yuan, as well as all property development projects.