China's fixed-asset investment (FAI) in coal mining and washing industry amounted to 141.3 billion yuan ($21.21 billion) in the first seven months this year, up 1.6% from the previous year, showed data from the National Bureau of Statistics (NBS) on August 14.
That's the second consecutive year-on-year increase for the industry's year-to-date FAI, following a 35-consecutive-month decline since May 2014 (no data in Januaries, excluded).
Private investment in the sector stood at 77.5 billion yuan, falling 7.9% year on year, shrinking from a year-on-year decline of 10.3% in January-June.
The country's FAI in all mining industry during the period fell 6.1% on year to 482.5 billion yuan; of that, private investment in mining industry stood at 268.9 billion yuan, down 13.2% from the year prior.
Over January-July, the total FAI in ferrous mining industry dropped 28.8% from a year ago to 30 billion yuan; that in non-ferrous mining industry stood at 50 billion yuan, down 13.9% from the year-ago level, according to the NBS data.
The FAI in non-metal mining industry stood at 91.4 billion yuan during the same period, down 11.4% from the year before.
(Writing by Alex Guo Editing by Harry Huo)
For any questions, please contact us by inquiry@fwenergy.com or +86-351-7219322.