Statistics released by the National Bureau of Statistics on the 16th show that in the first quarter, China's fixed asset investment (excluding rural households) reached 6.8322 trillion yuan, a nominal year-on-year increase of 17.6%, down 3.3 percentage points from the same period last year and hitting a new low since December 2002.

 

　　Experts believe that the high-level slowdown in fixed asset investment growth in the first quarter has its inherent inevitability, and the continuous slowdown in growth has been the basic trend of China's fixed asset investment operation since 2009. Since the 18th National Congress of the Communist Party of China, the new central government has downplayed the assessment of GDP and major economic indicators in performance evaluations. Against this background, the investment plan targets for 2014 in most regions are significantly lower than last year.

 

　　The high-level slowdown in investment growth has brought certain downward pressure on the economy, but new changes in the investment structure will have a positive impact on China's economic structural adjustment. By industry, in the first quarter, investment in the primary industry grew by 25.8% year-on-year, and investment in the tertiary industry grew by 19.6%, both far higher than the 14.7% investment growth in the secondary industry, indicating that the development of the three industries is becoming more coordinated.

 

　　By region, in the first quarter, investment in the eastern region grew by 16.4% year-on-year, while the central and western regions grew by 20.2% and 19.1% respectively, indicating that the pace of coordinated regional economic development is gradually accelerating.

 

　　By sector, in the investment structure of the three major sectors, infrastructure investment maintained rapid growth, reaching 22.5% in the first quarter, and investment in industries closely related to people's livelihood also maintained rapid growth.

 

　　At the same time, the proportion of private investment continued to rise. In the first quarter, China's private investment reached 4.4303 trillion yuan, accounting for 64.8% of total investment, with a growth rate of 20.9%, 3.3 percentage points higher than total investment growth.