BEIJING — China’s fixed asset investment rose 11.4 percent from a year earlier to 17.12 trillion yuan ($2.8 trillion) in the first five months of the year, the National Bureau of Statistics (NBS) said on June 11.

The increase slowed from the 12-percent level registered in the Jan-April period this 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 five months, fixed-asset investment in primary industry grew the most rapidly, up 27.8 percent year-on-year to 421.3 billion yuan. This growth is 1.4 percentage points higher than that recorded in the Jan-April period.

Fixed-asset investment in secondary industry saw year-on-year growth of 9.6 percent to 7.08 trillion yuan. The growth dropped 0.2 percentage points from the first four months.

Fixed-asset investment in tertiary industry grew 12.1 percent year on year to 9.62 trillion yuan. The growth was 1.1 percentage points lower than the Jan-April level.