CHINA’S fixed-asset investment rose 5.8% year on year in the first 10 months of this year, with investment in high-tech industries continuing to log rapid growth, data from the National Bureau of Statistics (NBS) showed yesterday.

Fixed-asset investment from January to October totaled 47.15 trillion yuan (US$6.7 trillion), the bureau said in a statement.

The growth slowed from a 5.9% increase posted in the first three quarters of the year. In October, the investment picked up 0.12% from September.

During the first 10 months of the year, fixed-asset investment from the private sector increased 1.6% from a year earlier to 25.84 trillion yuan.

Investment in infrastructure and manufacturing gained 8.7% and 9.7% year on year during the period, respectively. Investment in property development went down 8.8% year on year in the period.

China’s high-tech industries continued to see a stellar expansion of fixed-asset investment in the first 10 months, with that in the high-tech manufacturing and services sectors jumping 23.6% and 14% year on year, respectively, NBS data showed.

Specifically, investment in the sub-sectors of electronic and communication equipment manufacturing and research and design services soared 28.7% and 22.5%, respectively.

China has rolled out a series of pro-investment measures this year. For instance, local governments nationwide have expedited the use of special-purpose bonds to catalyze investment.

More than 3.54 trillion yuan worth of new special-purpose local government bonds were issued in the first three quarters of this year, data from the Ministry of Finance showed. (Xinhua)