BEIJING — China's fixed-asset investment (FAI) went up 6.1 percent year-on-year in the first 10 months of this year, data from the National Bureau of Statistics (NBS) showed on Nov 15.

During the first 10 months, the FAI amounted to over 44.58 trillion yuan (about $6.98 trillion), according to the NBS.

Compared with the 2019 level, the FAI growth came in at 7.8 percent during the period. The two-year average growth stood at 3.8 percent.

Investment by the private sectors rose 8.5 percent year-on-year to nearly 25.45 trillion yuan in the first 10 months, the NBS data showed.

On a month-on-month basis, FAI gained 0.15 percent in October.

In the first 10 months, investment in the primary, secondary and tertiary industries increased 11.1 percent, 11.3 percent and 3.7 percent, respectively, from a year earlier.

Investment in manufacturing and infrastructure gained 14.2 percent and 1 percent year-on-year, respectively, NBS data showed.

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