(Yicai Global) Aug. 14 -- China's fixed-asset investment fell 1.6 percent annually to CNY32.9 trillion (USD4.74 trillion) in the first seven months, but this decline narrowed 1.5 percentage point from the first half, official data show.

Investment in high-tech industries and social sectors also grew rapidly, Fu Linhui, a spokesperson for the National Bureau of Statistics, said in a press conference today.

Editor: Ben Armour