BEIJING, Aug. 16 (Xinhua) -- 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 Monday.

During the January-July period, the FAI amounted to 30.25 trillion yuan (about 4.67 trillion U.S. dollars), 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. 

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