China’s fixed asset investment rose 13.5 percent from a year earlier to 7.75 trillion yuan ($1.26 trillion) in the first quarter of 2015, the National Bureau of Statistics said on April 15.

The pace of increase slowed further from the 13.9-percent growth registered in the January-February period this year and 17.6-percent growth in the first quarter last year.

The calculation does not include fixed-asset investment by farmers. It includes projects with investment of at least 5 million yuan, as well as all property development projects.

In the first three months, fixed-asset investment in primary industry grew the most, up 32.8 percent year on year to 155.3 billion yuan. This growth is 3.5 percentage points lower than that recorded in the first two months.

Fixed-asset investment in secondary industry saw 11 percent of growth year on year to 3.14 trillion yuan. Growth dropped 0.5 percentage points from the first two months.

Fixed-asset investment in tertiary industry grew 14.7 percent year on year to 4.46 trillion yuan. Growth was 0.1 percentage points lower than the first two months.