China's fixed-asset investment up 5.4 pct in first three quarters

China's fixed-asset investment (FAI) grew 5.4 percent in the first three quarters of the year, up from 5.3 percent for January-August, data showed Friday.
 
On a monthly basis, FAI edged up 0.1 percentage point from the January-August period, according to data from the National Bureau of Statistics (NBS).
 
In breakdown, the culture, sport and entertainment sector saw the fastest FAI growth in the January-September period, up 19.3 percent yar on year. FAI in the sector of computer, communication and electronic manufacturing rose 18.3 percent.
 
Private investment, which accounts for more than 60 percent of total FAI, rose at a faster pace than the overall growth, up 8.7 percent year-on-year.
 
Industrial investment grew 5.4 percent from previous year, up 1 percentage point from January-August.
 
The growth of infrastructure investment continued to slow, adding only 3.3 percent year-on-year in the first nine months, down 1.3 percentage points from the January-August period.
 
Real estate investment increased 9.9 percent year-on-year in the first three quarters, slightly down from the 10.1-percent expansion recorded in the first eight months.