China's economy keeps stable and positive in Oct.: NBS

Updated 2017-11-14 13:34:59 CGTN/Agencies
(Photo/CGTN)

(Photo/CGTN)

China's economy keeps positive momentum in stable growth, making the foundation for achieving the whole year economic growth target, China's National Bureau of Statistics (NBS) said on Tuesday when releasing a series of economic data.

China's fixed-asset investment (FAI) grew 7.3 percent year on year to in the first ten months of this year, reaching 51.78 trillion yuan (7.8 trillion U.S. dollars), down from 7.5 percent for the January-September period, according to official data.

In the same period, China's private fixed-asset investment increased 5.8 percent year on year to 31.37 trillion yuan, NBS said, noting the growth rate was slightly lower than the 6-percent increase for the first nine months.

The FAI in private sector accounted for 60.6 percent of the total FAI, compared with 60.5 percent for the January-September period.

The stable FAI shows a better structure, NBS said, noting that from January to October, the investment up 13.1 percent year-on-year in the primary industry, 2.7 percent in the secondary industry and 10 percent in the service industry.

NBS also post that China's industrial value-added output expanded 6.2 percent year on year in October, slowing from a 6.6-percent growth in September.

China's retail sales of consumer goods grew 10 percent year on year in October, with a high growth of online retailing.

In the first ten months, the national online retailing jumped 34 percent year on year to more than 5.53 trillion yuan, 8.3 percentage points higher than the growth made in the same period of the last year.

China's private investment up 5.8 pct in first 10 months

China's private fixed-asset investment increased 5.8 percent year on year in the first 10 months of this year, official data showed Tuesday. >>>

China's property investment up 7.8 pct in first ten months

China's investment in property development rose 7.8 percent year on year in the first ten months of 2017, down from 8.1 percent in the first three quarters, the National Bureau of Statistics said Tuesday. >>>

China's industrial output up 6.2 pct in October

China's industrial value-added output expanded 6.2 percent year on year in October, slowing from a 6.6-percent growth in September, the National Bureau of Statistics (NBS) said Tuesday. >>>

China's property investment up 7.8 pct in first ten months

China's investment in property development rose 7.8 percent year on year in the first ten months of 2017, down from 8.1 percent in the first three quarters, the National Bureau of Statistics said Tuesday.>>>

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58November 20 2017 17:28:54

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16November 20 2017 17:28:54

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18November 20 2017 17:28:54

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords