China's fixed-asset investment up 7.5% in Q1

BEIJING - China's fixed-asset investment (FAI) grew 7.5 percent year-on-year in the first quarter of this year, official data showed Tuesday.

Total FAI stood at 10.07 trillion yuan ($1.6 trillion), according to the National Bureau of Statistics.

The growth is 0.4 percentage points lower than that of the first two months of this year.

Private investment picked up in Q1, growing 8.9 percent year-on-year, which is 0.8 percentage points more than that of the first two months and 1.2 percentage points higher than that of Q1 2017.

In breakdown, FAI in agriculture was up 24.2 percent year-on-year, followed by 10 percent for the service sector, and 2 percent for industry.

Investment growth picked up in the eastern regions of the country.