China’s urban fixed-asset investment fell in March but growth from the private sector was robust, indicating policies on boosting private investment have taken effect.
Overall fixed-asset investment, excluding rural, rose 20.9 percent year-on-year to 5.8 trillion yuan ($937 billion) in the first quarter, from 21.2 percent in the previous two months, the National Bureau of Statistics said on Monday.
Investment from the private sector rose 24.1 percent year-on-year to 3.68 trillion yuan during the quarter, accounting for 63.3 percent of the overall investment.
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