BEIJING — China's fixed-asset investment (FAI) went up 15.4 percent year-on-year in the first five months of this year, data from the National Bureau of Statistics showed on June 16.

The FAI amounted to 19.39 trillion yuan (about $3.03 trillion) in the first five months, according to the NBS.

Compared with the 2019 level, the FAI growth came in at 8.5 percent during the January-May period. The average January-May growth rate in the recent two years stood at 4.2 percent.

Investment by the private sectors rose 18.1 percent in the period.

On a month-on-month basis, FAI rose 0.17 percent in May.

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