A staff member of the China Construction Second Engineering Bureau Ltd. works at the construction site of the Xiong'an campus of the University of Science and Technology Beijing in Xiong'an New Area, northern China's Hebei province, March 25, 2026. [Photo/Xinhua]

China's fixed-asset investment went up 1.7 percent year on year in the first quarter of 2026, reversing the 3.8-percent decline recorded for the whole of last year, official data showed Thursday.

The investment totaled 10.27 trillion yuan (about 1.5 trillion U.S. dollars) during this period, the National Bureau of Statistics (NBS) said in a statement.

Investment in infrastructure construction rose 8.9 percent from a year ago during the period, and manufacturing investment increased 4.1 percent, according to the NBS.

Excluding the property sector, the country's fixed-asset investment rose 4.8 percent in the first three months. Investment in property development fell 11.2 percent year on year during the period.