BUSINESS China's fixed-asset investment down 10.3 pct in first four months

BUSINESS

China's fixed-asset investment down 10.3 pct in first four months

Xinhua

10:25, May 15, 2020

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Photo: CGTN

BEIJING, May 15 (Xinhua) -- China's fixed-asset investment (FAI) declined 10.3 percent year on year to 13.68 trillion yuan (about 1.93 trillion U.S. dollars) in the first four months of 2020, the National Bureau of Statistics (NBS) said Friday.

The fall narrowed by 5.8 percentage points compared with the decrease in the first three months.   

In breakdown, the FAI in the primary industry dropped 5.4 percent year on year, while that in the secondary and tertiary industries went down by 16 percent and 7.8 percent, respectively, according to the NBS.

The decline in the three industries narrowed by 8.4 percentage points, 5.9 percentage points and 5.7 percentage points, respectively, compared with the fall in the first three months.

Private investment decreased 13.3 percent to 7.74 trillion yuan during the period, and investment in high-tech industries dropped 3 percent in the first four months, NBS data showed.

The FAI in April went up 6.19 percent from March.

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


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