BUSINESS China's fixed-asset investment up 6.1 pct in first five months

BUSINESS

China's fixed-asset investment up 6.1 pct in first five months

Xinhua

15:25, June 14, 2018

China's fixed-asset investment (FAI) expanded 6.1 percent in the first five months of the year, down from 7 percent for January-April.

12-1P614133P4B2.jpg

Photo: Xinhua

On a monthly basis, the FAI went up 0.47 percent in May, according to data from the National Bureau of Statistics (NBS).

China has a better investment structure and the economy is sound and steady, NBS spokesperson Mao Shengyong told a press conference.

Private investment rose at a faster rate than overall growth. FAI by the private sector climbed 8.1 percent year on year in January-May, up 1.3 percentage points from the growth in the same period last year.

Investment in manufacturing grew 5.2 percent in the first five months, up from 4.8 percent for January-April. FAI to high-tech manufacturing and equipment manufacturing jumped 9.7 percent and 8.2 percent respectively in the period. 

Related Stories

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue