According to data released by China's National Bureau of Statistics, China's fixed asset investment in the first quarter amounted to 10.73 trillion yuan.
Infrastructure construction investments increased by 8.8% compared to the previous year, while manufacturing investments increased by 7%. However, capital inflows into real estate development decreased by 5.8% y-o-y.
Private sector fixed asset investment increased by 0.6% y-o-y.
High-tech industries, on the other hand, showed solid growth momentum, with investments increasing 16% annually. In particular, investments in high-tech manufacturing and high-tech service sectors increased by 15.2% and 17.8%, respectively. In addition, investments in public health and education increased by 21.6% and 6.2% respectively compared to the previous year, providing more financial support to improve people's livelihoods.
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