China's fixed-asset investment rose 3.4% year on year in the first three quarters of this year, data from the National Bureau of Statistics (NBS) showed. "The growth rate, unchanged from the rate logged in the January-August period, marks the first time in multiple months that the slowdown in fixed-asset investment was halted," Sheng Laiyun, deputy head of the NBS, told a press conference.

The investment totaled 37.8978 trillion yuan (about US$ 5.3 trillion) during the period, the NBS said in a statement.

In the first quarters, manufacturing investment increased 9.2% year on year. In particular, investment in the textile industry posted robust growth, up 14.6% in the period.

Source: CHINA TEXTILE LEADER Express