BEIJING — China's fixed-asset investment (FAI) went up 10.3 percent year-on-year in the first seven months of this year, data from the National Bureau of Statistics (NBS) showed on Aug 16.

During the January-July period, the FAI amounted to 30.25 trillion yuan (about $4.67 trillion), according to the NBS.

Compared with the 2019 level, the FAI growth came in at 8.7 percent for the period. The average January-July growth rate in the recent two years stood at 4.3 percent.

Investment by the private sectors rose 13.4 percent to 17.35 trillion yuan in the first seven months, NBS data showed.

On a month-on-month basis, FAI gained 0.18 percent in July.

Investment in the primary industry increased 21.8 percent year-on-year in the first seven months, with that in the secondary industry rising 14.4 percent and that in the tertiary industry climbing 8.2 percent.

Specifically, investment in manufacturing and infrastructure gained 17.3 percent and 4.6 percent year-on-year, respectively, NBS data showed.

The FAI includes capital spent on infrastructure, property, machinery and other physical assets.