BEIJING -- China's fixed-asset investment grew 10.5 percent to 13.26 trillion yuan (2 trillion U.S. dollars) in the first four months, compared with the 10.7-percent growth recorded in the first quarter of 2016, according to data released by the National Bureau of Statistics (NBS).
It marked slower growth in China's fixed-asset investment, money used to purchase and build factories, machines, property and other fixed facilities.
In breakdown, fixed-asset investment in agriculture was up 21.7 percent in the Jan.-April period, followed by 12.4 percent for the service sector.
Investment in China's property sector rose 7.2 percent year on year in the first four months of 2016, with the growth picking up following the 6.2-percent gain in Q1.
By region, fixed-asset investment in eastern, central and western regions increased 10.8 percent, 13.5 percent and 13.2 percent, respectively, in the first four months.
Investment in the northeast worsened with a 24.7-percent drop in the first four months, compared with the 19.3-percent decrease in the first quarter.
Investment by foreign companies gained 12.4 percent year on year in the first four months, improved from the 11.3-percent gain reported in the first quarter.
Funding growth for fixed-asset investment edged up 8.1 percent in the first four months, higher than the 6.4-percent gain seen in the first quarter.
Of the total funds, the government budget for fixed-asset investment rose 22.9 percent, 6 percentage points higher than that in the first quarter.
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