China’s fixed-asset investment up 5.6pc

16 June, 2019 12:00 AM printer

BEIJING: China’s fixed-asset investment (FAI) grew 5.6 percent year on year in the first five months, down 0.5 percentage points from the first four months, the National Bureau of Statistics (NBS) said Friday.

During the January-May period, the FAI amounted to 21.75 trillion yuan (about 3.14 trillion U.S. dollars), NBS data showed, reports Xinhua.

Private-sector investment increased 5.3 percent to 13 trillion yuan, 0.2 percentage points slower than that in the first four months.

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

Investment in high-tech manufacturing and services surged 10.2 percent and 15.6 percent year on year, respectively.