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China's fixed asset investment increased in the first quarter

China's fixed asset investment increased 5.1 percent y-o-y in the first quarter of this year.

China's fixed asset investment increased in the first quarter

According to data released by China's National Bureau of Statistics, China's fixed asset investment in the first quarter amounted to 10.73 trillion yuan.

Infrastructure construction investments increased by 8.8% compared to the previous year, while manufacturing investments increased by 7%. However, capital inflows into real estate development decreased by 5.8% y-o-y.

Private sector fixed asset investment increased by 0.6% y-o-y.

High-tech industries, on the other hand, showed solid growth momentum, with investments increasing 16% annually. In particular, investments in high-tech manufacturing and high-tech service sectors increased by 15.2% and 17.8%, respectively. In addition, investments in public health and education increased by 21.6% and 6.2% respectively compared to the previous year, providing more financial support to improve people's livelihoods.

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