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NBS: China Jan-Apr FAI declines 10%, property down 3.3%

China’s fixed asset investment (FAI) declines on year but at a slower rate of 10.3% to Yuan 13.7 trillion ($2 trillion) over January-April as against the 16.1% on-year drop for the first quarter, with all the major sectors posting continuing recoveries in April, according to the latest data from China’s National Bureau of Statistics (NBS) on May 15.
For April, the country’s FAI grew 6.2% on month, or slightly higher than the6.1% on-month growth for March. Among the total for the first four months, the funding from the non-state-owned enterprises declined 13.3% on year to Yuan 7.7 trillion, and the investment in the agriculture declined the least by 5.4%

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