China's fixed-asset investment (FAI) surged 35 percent year on year in the first two months of 2021, data from the National Bureau of Statistics (NBS) showed Monday.
The FAI amounted to 4.52 trillion yuan (about 695.3 billion U.S. dollars) in the Jan.-Feb. period, up 3.5 percent from the same period in 2019, according to the NBS.
On a monthly basis, the country's FAI climbed 2.43 percent in February.
Investment by the private sector expanded 36.4 percent year on year to 2.62 trillion yuan in the first two months of this year, the data showed.
Investment in the primary industry went up 61.3 percent year on year, while that in the secondary industry edged up 34.1 percent. Investment in the tertiary industry rose 34.6 percent.
Meanwhile, investment in high-tech manufacturing and services jumped 50.3 percent and 49.8 percent year on year, respectively.
The fixed-asset investment includes capital spent on infrastructure, property, machinery and other physical assets.
