In January-May this year, total fixed capital investment (FAI) (excluding rural households) in China was 17.8512 trillion yuan ($2.6 trillion), down 4.1% year-on-year, as announced by China's National Bureau of Statistics (NBS). The larger year-on-year decline reflected insufficient domestic demand in the economy, indicating that weak real estate market performance continued to weigh on China's economy.
In the first five months, China's overall FAI in infrastructure increased 0.6 percent year-on-year, 3.7 percentage points slower than the growth recorded in the first four months of this year, as widespread rainy weather in May negatively impacted construction activities.
Fixed investment in China's mining and manufacturing sectors increased by 6.2 percent and decreased by 0.4 percent year on year, respectively, over the period.
