ZCZC
BCN-17
CHINA-FIXED-ASSET-INVESTMENT
China’s fixed-asset investment up 5.6 pct in first five months
BEIJING, June 14, 2019 (BSS/Xinhua) – 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.
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.
Investment in the primary industry went down 2.3 percent year on year,
while that in secondary and tertiary industries rose 3.2 percent and 7.1
percent, respectively.
The figures were among a series of indicators released by the NBS on
Friday, including industrial production and retail sales, which show that the
Chinese economy remains on a stable track.
BSS/XINHUA/HR/1410