China: Fixed asset investment up 4% between January and April

Official data released Monday showed that China’s fixed asset investment rose 4% year-on-year during the first four months of the year.

Excluding the real estate sector, the country’s fixed asset investment grew 8% year-on-year during the period, according to the National Bureau of Statistics of China.

Infrastructure investment rose 5.8% year-on-year, while manufacturing investment rose 8.8%.

Across sectors, investment in the agricultural sector grew 13.2% year-on-year, while investment in the industrial sector rose 11.7%.

The services sector saw a 0.2% decline in investment.

In the high-tech sector, investment in information services increased 40.6%, while investment in computer and office equipment manufacturing rose 28.9%. China’s value-added industrial output expanded 6.1 percent year-on-year in April, while retail sales of consumer goods, a key indicator of the country’s consumption strength, grew 5.1 percent year-on-year, Xinhua News Agency reported, citing data released today.