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China's fixed-asset investment expands 6.1% in H1
Updated: July 15, 2022 14:13 Xinhua

BEIJING — China's fixed-asset investment saw steady growth in the first half (H1) of this year, official data showed on July 15.

Fixed-asset investment jumped 6.1 percent from a year earlier to 27.14 trillion yuan (about $4.02 trillion) in the first half, the National Bureau of Statistics said in a statement.

The growth slowed from a 6.2-percent increase registered in the first five months. In June, fixed-asset investment picked up 0.95 percent from a month earlier.

From January to June, fixed-asset investment from the private sector increased 3.5 percent from a year earlier to 15.31 trillion yuan.

Investment in infrastructure and manufacturing gained 7.1 percent and 10.4 percent year-on-year, respectively.

Investment in property development went down 5.4 percent year-on-year in the first half to 6.83 trillion yuan, NBS data showed.

Investment into the high-tech manufacturing and services sectors sustained growth momentum, jumping 23.8 percent and 12.6 percent year-on-year.

In the second quarter, fixed-asset investment rose 4.2 percent year-on-year, according to the NBS.

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