BEIJING — China's fixed-asset investment went up 12.2 percent year-on-year in the first two months of the year, data from the National Bureau of Statistics (NBS) showed on March 15.

During the period, the fixed-asset investment stood at around 5.076 trillion yuan (about $796.16 billion), the bureau said.

Compared with the same period in 2021, the growth rate was up 7.3 percentage points, according to the NBS.

On a month-on-month basis, the fixed-asset investment gained 0.66 percent in February.

Investment by the private sectors rose 11.4 percent year-on-year during the period, the NBS data showed.

In the first two months, investment in the primary, secondary and tertiary industries increased 8.8 percent, 19.6 percent and 9.5 percent, respectively, from a year earlier.

Investment in infrastructure and manufacturing gained 8.1 percent and 20.9 percent year-on-year, respectively.

Investment in high-tech manufacturing and services jumped 42.7 percent and 16 percent year-on-year, respectively, according to the NBS data.

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