China's fixed-asset investment up 19.9% in Jan-April
BEIJING - China's fixed-asset investment (FAI) went up 19.9 percent year-on-year in the first four months of this year, data from the National Bureau of Statistics (NBS) showed Monday.
The FAI amounted to 14.38 trillion yuan ($2.24 trillion) in the first four 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 8 percent during the Jan-April period.
Investment by the state sector went up 18.6 percent during the period, while private-sector investment rose 21 percent.
On a month-on-month basis, FAI rose 1.49 percent in April.
The FAI includes capital spent on infrastructure, property, machinery and other physical assets.
