Fixed-asset investment up 5.1% in Q1

China's fixed-asset investment expanded by 5.1 percent year-on-year in the first quarter of the year, the same as the full year of 2022 and down from 5.5 percent in the first two months of this year, the National Bureau of Statistics said on Tuesday.

The country's fixed-asset investment (excluding rural households) reached 10.73 trillion yuan ($1.56 trillion) in the first quarter, driven by an 8.8 percent growth in infrastructure investment on a yearly basis and a 7 percent growth in manufacturing investment.

Investment in real estate development fell by 5.8 percent year-on-year in the first three months of the year while private investment went up by 0.6 percent, according to the NBS.