Wed, 04 Aug 2021

© Provided by Xinhua

BEIJING, June 16 (Xinhua) -- China's fixed-asset investment (FAI) went up 15.4 percent year on year in the first five months of this year, data from the National Bureau of Statistics (NBS) showed Wednesday.

The FAI amounted to 19.39 trillion yuan (about 3.03 trillion U.S. dollars) in the first five months, according to the NBS.

Compared with the 2019 level, the FAI growth came in at 8.5 percent during the Jan.-May period. The average Jan.-May growth rate in the recent two years stood at 4.2 percent.

Investment by the private sectors rose 18.1 percent in the period.

On a month-on-month basis, FAI rose 0.17 percent in May.

Investment in the primary industry increased 28.7 percent year on year in the first five months, with that in the secondary industry rising 18.1 percent and that in the tertiary industry climbing 13.8 percent.

Investment in high-tech manufacturing and services jumped 29.9 percent and 17.1 percent year on year, respectively.

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

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