China's fixed-asset investment up 19.9% in Jan-April

A man takes photos of the Hongling Mansion in Shenzhen, South China's Guangdong province, on Sept 22, 2020. [Photo/Xinhua]

BEIJING - China's fixed-asset investment (FAI) went up 19.9 percent year-on-year in the first four months of this year, data from the National Bureau of Statistics (NBS) showed Monday.

The FAI amounted to 14.38 trillion yuan ($2.24 trillion) in the first four months, according to the NBS.

The double-digit growth was driven by a low base of comparison early last year when COVID-19 paralyzed economic activities in China. Compared with the 2019 level, FAI growth came in at 8 percent during the Jan-April period.

Investment by the state sector went up 18.6 percent during the period, while private-sector investment rose 21 percent.

On a month-on-month basis, FAI rose 1.49 percent in April.

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