BEIJING — China’s fixed-asset investment (FAI) rose 7 percent in the first four months of the year, down from 7.5 percent for January-March, data showed on May 15.
This marked growth deceleration for two consecutive months. The pace was down from 8.9 percent registered during the same period of last year.
On a monthly basis, the FAI edged up 0.52 percent in April, according to data from the National Bureau of Statistics (NBS).
NBS spokesperson Liu Aihua said although FAI growth eased, the structure of investment continued to optimize, with more support for economic transformation and improving supplies.
Infrastructure investment increased 12.4 percent year-on-year for January-April, slightly down from 13 percent in the first three months.
FAI by the private sector gained 8.4 percent during the period, with the pace of growth also easing from 8.9 percent in the first three months.
Property development investment expanded 10.3 percent year-on-year for January-April, slightly down from 10.4 percent during the first quarter.
Housing sales measured by floor area grew 1.3 percent during the period, with the growth down from 3.6 percent for January-March.