China’s fixed-asset investment expands 6.1 pct in H1

On Jul 15, 2022 38

A Chinese national flag flutters near the building of China Securities Regulatory Commission (CSRC) at the Financial Street area in Beijing, China July 16, 2020. REUTERS/Tingshu Wang/Files

China‘s fixed-asset investment saw steady growth in the first half (H1) of this year, official data showed Friday.

Fixed-asset investment jumped 6.1 percent from a year earlier to 27.14 trillion yuan (about 4.02 trillion U.S. dollars) in the first half, the National Bureau of Statistics said in a statement.

The growth slowed from a 6.2-percent increase registered in the first five months. In June, fixed-asset investment picked up 0.95 percent from a month earlier.

From January to June, fixed-asset investment from the private sector increased 3.5 percent from a year earlier to 15.31 trillion yuan.

Investment in infrastructure and manufacturing gained 7.1 percent and 10.4 percent year on year, respectively.

Investment in property development went down 5.4 percent year on year in the first half to 6.83 trillion yuan, NBS data showed.

Investment into the high-tech manufacturing and services sectors sustained growth momentum, jumping 23.8 percent and 12.6 percent year on year.

In the second quarter, fixed-asset investment rose 4.2 percent year on year, according to the NBS.

Source: Xinhua