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Wan LixinOpinion deputy editor of Shanghai Daily
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Fixed asset investment rises
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China’s fixed asset investment grew 5.6 percent year on year in the first five months, down 0.5 percentage points from the first four months, the National Bureau of Statistics said.
During the period between January and May, the FAI amounted to 21.75 trillion yuan (US$3.14 trillion), NBS data showed. Private-sector investment increased 5.3 percent to 13 trillion yuan, 0.2 percentage points lower than that in the first four months.
The FAI includes capital spent on infrastructure, property, machinery and other physical assets. Investment in high-tech manufacturing and services rose 10.2 percent and 15.6 percent year on year, respectively.
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