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China fixed-asset investment up 7.0% YOY from January to April

Total investment in fixed assets, excluding rural households, in China increased by 7.0% year over year to 15.436 trillion yuan in the first four months of 2018, the country's National Bureau of Statistics said.

Investment in advanced manufacturing grew rapidly during the period as investment in high-tech manufacturing and equipment manufacturing grew 7.9% year over year — both indicators were 3.1 percentage points higher than investment in the manufacturing industry. Manufacturing investment grew 4.8%, 1.0 percentage point higher than in the first three months of the year.

In the first four months, the total investment in real estate development was 3.059 trillion yuan, up 10.3% year over year. The floor space of commercial buildings sold increased 1.3% year over year, while sales of commercial buildings were up 9.0% year over year.