NBS: China’s Jan-Apr FAI up 6.1%, property up 11.9%
May 15, 2019 15:30
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China’s fixed asset investment (excluding rural households) over January to April grew by a healthy 6.1% on year to Yuan 15.57 trillion ($2.3 trillion), though growth over the four months slowed by 0.2 percentage point compared with January-March, according to new data from China’s National Bureau of Statistics released on May 15.
Within the total, private sector investment increased by 5.5% on year to Yuan 9.3 trillion over the first four months and accounting for a dominating 60% share of the total national FAI, according to NBS.
Among the three industries – primary, secondary and tertiary – FAI in the latter gained 7.9%