percent: Private-sector investment increased 5.3 percent to 13 trillion yuan, 0.2 percentage points slower than that in the first four months, according to Global Times China. The FAI includes capital spent on infrastructure, property, machinery and other physical assets. During the January-May period, the FAI amounted to 21.75 trillion yuan about 3.14 trillion US dollars NBS data showed. Investment in high-tech manufacturing and services surged 10.2 percent and 15.6 percent year on year, respectively. The figures were among a series of indicators released by the NBS on Friday, including industrial production and retail sales, which show that the Chinese economy remains on a stable track. Investment in the primary industry went down 2.3 percent year on year, while that in secondary and tertiary industries rose 3.2 percent and 7.1 percent, respectively.
(news.financializer.com). As
reported in the news.
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