BEIJING — China's fixed-asset investment (FAI) went up 25.6 percent year-on-year in the first quarter of 2021, data from the National Bureau of Statistics (NBS) showed on April 16.

The FAI amounted to 9.6 trillion yuan (about $1.47 trillion) in the first three months, according to the NBS.

The double-digit growth was driven by a low base of comparison early last year when COVID-19 paralyzed economic activities in China. Compared with the 2019 level, FAI growth came in at 6 percent.

Investment by the state sector went up 25.3 percent during the January-March period, while private-sector investment rose 26 percent.

On a month-on-month basis, FAI rose 1.51 percent in March.

The FAI includes capital spent on infrastructure, property, machinery and other physical assets.