Fixed-asset investment in Shanghai’s manufacturing sector declined over the first eight months of the year while investment in the infrastructure and real estate sectors accelerated, but at a slower pace than in previous years, the China Securities Journal
reported. Industrial investment dropped 5.8% year-on-year to US$11.95 billion (RMB81.52 billion) during the period, Shanghai Bureau of Statistics figures show. Infrastructure investment was up 12.9% year-on-year to US$14.08 billion (RMB96.03 billion), accounting for 34.1% of total fixed-asset investment, 2.5 percentage points more than a year earlier. Investment in the property market gained 7.3% year-on-year to US$12.94 billion (RMB88.26 billion), representing 31.3% of total fixed-asset investment, 0.7 percentage points more than a year earlier.
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