From January to February, urban fixed asset investment in China shifted from a decline to an increase, rising 1.8% year-on-year; infrastructure investment grew by 11.4%.

From January to February, urban fixed asset investment in China shifted from a decline to an increase, rising 1.8% year-on-year; infrastructure investment grew by 11.4%.

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On March 6, data released by the National Bureau of Statistics showed that from January to February, the national fixed asset investment (excluding rural households) was 5,272.1 billion yuan, an increase of 1.8% year-on-year, compared with a decline of 3.8% for the whole of last year. Among them, private fixed asset investment decreased by 2.6% year-on-year. Month-on-month, fixed asset investment (excluding rural households) increased by 0.39% in February.

By sector, infrastructure investment increased by 11.4% year-on-year, manufacturing investment increased by 3.1%, and real estate development investment decreased by 11.1%. The sales area of newly built commercial housing nationwide was 92.93 million square meters, a year-on-year decrease of 13.5%; the sales of newly built commercial housing was 818.6 billion yuan, a decrease of 20.2%.

High-tech industry investment increased by 5.1% year-on-year, among which investment in the manufacturing of aircraft, spacecraft and equipment, R&D and design services, and information services increased by 20.2%, 20.6%, and 16.5% respectively.

By industry, investment in the primary industry was 109.3 billion yuan, up 17.4% year-on-year; investment in the secondary industry was 1,743.4 billion yuan, up 5.4%; investment in the tertiary industry was 3,419.4 billion yuan, down 0.4%.

Industrial investment increased by 5.4% year-on-year. Among them, mining investment increased by 13.0%, manufacturing investment increased by 3.1%, and investment in the production and supply of electricity, heat, gas and water increased by 13.1%.

Infrastructure investment increased by 11.4% year-on-year. Among them, investment in the air transport industry increased by 31.1%, investment in gas production and supply increased by 20.0%, and investment in water transport increased by 17.9%.

By region, investment in the eastern region increased by 1.8% year-on-year, investment in the central region increased by 1.9%, investment in the western region decreased by 0.5%, and investment in the northeastern region decreased by 11.4%.

By registration type, fixed asset investment by domestic-funded enterprises increased by 2.1% year-on-year, that by Hong Kong, Macao and Taiwan-funded enterprises decreased by 3.0%, and that by foreign-funded enterprises decreased by 9.1%.

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