CHINA China's fixed-asset investment down 6.3 pct in Jan.-May

CHINA

China's fixed-asset investment down 6.3 pct in Jan.-May

Xinhua

10:32, June 15, 2020

BEIJING, June 15 (Xinhua) - China's fixed-asset investment declined 6.3 percent year on year to 19.92 trillion yuan (about 2.8 trillion US dollars) in the first five months of 2020, the National Bureau of Statistics said Monday.

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(File photo: CFP)

The fall narrowed by 4 percentage points from the first four months.

In breakdown, the investment in the primary industry stayed unchanged from the same period last year, while that in the secondary and tertiary industries went down 11.8 percent and 3.9 percent, respectively.

The investment in high-tech industries increased 1.9 percent in the first five months, the bureau said.

Private investment decreased 9.6 percent during the period, it added.

Fixed-asset investment includes capital spent on infrastructure, property, machinery and other physical assets.

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