China Jan-Apr investment in fixed assets rise 7%, a new low since 2000 General 2018-05-16 08:21:00

In the first four months, China's investment in fixed assets (excluding rural households) reached 15,435.8 billion yuan ($2,420.97 billion), up 7.0% year on year, showed data from the National Bureau of Statistics on May 15.


The growth rate was 0.5 percentage point lower than that in the first three months. In April, the investment in fixed assets increased 0.57% on the month, of which the private investment reached 9,544.9 billion yuan, a year-on-year increase of 8.4%.


In term of different industries, the investment in primary industries – mainly the agricultural sector – were 459.1 billion yuan, up 16.8% year on year, 7.4 percentage points lower than that in the first three months; that of secondary industries – mainly the industrial sector – were 5,596 billion yuan, rising 2.5%, an increase of 0.5 percentage point; that of tertiary industries – mainly the service sector – were 9,380.7 billion yuan, increased 9.3%, a decrease of 0.7 percentage point.


In secondary industries, investment in industrial sector increased 2.7% year on year, up 0.7 percentage point from the first quarter.


Of that, investment in mining industries went down by 2.0%, while that in January-March was up by 2.5%; that of manufacture increased 4.8%, growing 1 percentage point; that of production and supply of electric power, heat power, gas and water, decreased 8.5%, compared with the decrease of 8.9% in the first quarter.


In tertiary industries, investment in infrastructure (excluding electric power, heat, gas and water) increased 12.4% year on year, down 0.6 percentage point from January-March.


Specifically, investment in management of water conservancy increased 5.8%, down by 4.3 percentage points; that of management of public facilities increased 10.8%, down by 2.6 percentage points; that of transport via road increased 18.2%, down by 0.7 percentage point; that of transport via railway decreased 8.9%, while a drop of 5.1% in the first three months.


By area, investment in eastern region rose 5.7% year on year, down 0.3 percentage point from that in the first three months; that of central region increased 9.8%, a decrease of 0.4percentage point; that of western region increased 7.2%, a decrease of 2.2 percentage points; that of northeastern region increased 3.4%, up 2.0 percentage points.

(Writing by Alex Guo  Editing by Harry Huo)
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