China's fixed-asset investment up 3.7 pct in Jan-May

BEIJING, June 16 (Xinhua) -- China's fixed-asset investment went up 3.7 percent year on year in the first five months of 2025, official data showed Monday.

Excluding the property sector, the country's fixed-asset investment grew 7.7 percent year on year during this period, according to the National Bureau of Statistics (NBS).

Infrastructure investment rose 5.6 percent year on year, while manufacturing investment increased 8.5 percent.

By industry, investment in the primary industry increased 8.4 percent year on year, while secondary industry investment rose 11.4 percent. The tertiary industry saw a 0.4 percent decrease in investment.

In the high-tech sector, investment in information services surged 41.4 percent, while investment in aviation, spacecraft, and equipment manufacturing increased 24.2 percent. Investment in computer and office equipment manufacturing grew 21.7 percent, and professional technical services investment rose 11.9 percent.

Monday's data also showed that China's value-added industrial output expanded 5.8 percent year on year in May, while retail sales of consumer goods, a key indicator of the country's consumption strength, expanded 6.4 percent year on year. The average urban unemployment rate in China dropped to 5 percent in May.

In May, with supportive policies continuing to take effect, China's economy remained generally stable, which underscores its resilience and dynamism, said the NBS.

The NBS also warned that, as external uncertainties persist, domestic demand and growth momentum need to be strengthened, and further efforts should be made to consolidate the foundation for a sustained recovery. ■