Sat, 15 May 2021

© Provided by Xinhua

BEIJING, April 16 (Xinhua) -- China's fixed-asset investment (FAI) went up 25.6 percent year on year in the first quarter of 2021, data from the National Bureau of Statistics (NBS) showed Friday.

The FAI amounted to 9.6 trillion yuan (about 1.47 trillion U.S. dollars) in the first three months, according to the NBS.

The double-digit growth was driven by a low base of comparison early last year when COVID-19 paralyzed economic activities in China. Compared with the 2019 level, FAI growth came in at 6 percent.

Investment by the state sector went up 25.3 percent during the January-March period, while private-sector investment rose 26 percent.

On a month-on-month basis, FAI rose 1.51 percent in March.

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

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