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fixed capital investments up 9.3% in the first quarter

China’s fixed-asset investment saw steady growth in the first quarter of this year, supporting overall economic growth, official data showed Monday.

The country’s fixed asset investment rose 9.3 percent year on year to 10.49 trillion yuan (about 1.65 trillion U.S. dollars) in the first three months, the State Bureau of Statistics said in a statement.

Growth slowed from the 12.2% recorded in the first two months. In March, investments in fixed capital increased by 0.61% on a monthly basis.

China’s gross domestic product rose 4.8 percent year on year in the first quarter, data showed Monday.

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