China’s fixed asset investments up 13.5 percent in Q1

In the first quarter of the current year, total fixed asset investments (excluding rural households) in China amounted to RMB 7.7511 trillion ($1.25 trillion), up 13.5 percent year on year, as announced by China's National Bureau of Statistics (NBS) on April 15, with the year-on-year increase rate in question down 0.4 percentage points compared to that recorded in the January-February period of the current year. In March, fixed asset investments (excluding rural households) in China increased by 1.04 percent month on month.
 
In the first quarter, total fixed asset investment in China's mining sector amounted to RMB 143.8 billion ($23.2 billion), down 4.1 percent year on year, while fixed asset investment in China's manufacturing sector totaled RMB 2.6038 trillion ($0.42 trillion), up 10.4 percent year on year, with these respective year-on-year increase rates down 1.5 percentage points and decreasing by 0.2 percentage points compared to those recorded in the January-February period this year.