China’s fixed-asset investment went up 4.7 percent year on year in the first four months of 2023, data from the National Bureau of Statistics showed Tuesday.
Fixed-asset investment totaled 14.75 trillion yuan (2.12 trillion U.S. dollars) from January to April, the bureau said.
Fixed-asset investment from the private sector rose 0.4 percent year on year in the first four months.
Industrial investment surged 8.3 percent year on year. Of the total, investment shrank by 2.2 percent in the mining industry, but went up 6.4 percent in the manufacturing sector. Investment in the supply of electricity, heating, gas, and water soared 24.4 percent.
