In the January-April period this year, total fixed asset investments (FAI) (excluding rural households) in China amounted to RMB 13.6824 trillion ($1.93 trillion), down 10.3 percent year on year, 5.8 percentage points slower than the decreasing pace recorded in the January-March period of the year, as announced by China's National Bureau of Statistics (NBS).
In the January-April period, total FAI in China's infrastructure declined by 11.8 percent year on year, 7.9 percentage points slower than the decrease rate recorded in the January-March quarter, indicating that investment in infrastructure improved further in April following the resumption of construction, which increased the demand for steel and provided support for steel prices in April.
FAI in China's mining sector and manufacturing sector in the January-April period dropped by 9.2 percent and 18.8 percent year on year, respectively, increasing by 6.0 percentage points and slowing by 6.4 percentage points respectively compared to the rates of decline recorded in the first three months of the year.
$1 = RMB 7.103