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China's fixed-asset investment up 9.3% in Q1
Updated: April 18, 2022 10:23 Xinhua

BEIJING — China's fixed-asset investment saw steady growth in the first quarter of this year, bolstering overall economic growth, official data showed on April 18.

Fixed-asset investment jumped 9.3 percent from a year earlier to 10.49 trillion yuan (about $1.65 trillion) in the first three months, the National Bureau of Statistics said in a statement.

The growth slowed from a 12.2-percent increase registered in the first two months. In March, fixed-asset investment increased 0.61 percent from a month earlier.

The data on April 18 showed that China's gross domestic product grew 4.8 percent year-on-year in the first quarter of this year.

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