FAI increased by 5.1% during January to March

Time : 2023-06-19

FAI increased by 5.1% during January to March

During January to March, total domestic fixed asset investment (FAI) was RMB10.7282 trillion, up by 5.1% y-o-y. For primary industry, FAI was RMB242.5bn, up by 0.5% y-o-y. For secondary and tertiary industries, FAI rose by 8.7% and 3.6% y-o-y to RMB3.3964 trillion and RMB7.0894 trillion respectively during January to March. The investment in infrastructure excluding power increased by 8.8% y-o-y. The investment in the east, central, west and northeast of China increased by 6.5%, 1.5%, 4.9% and 13.7% y-o-y respectively during January to March.

In real estate, the investment decreased by 5.8% y-o-y to RMB2.5974 trillion during January to March, and total area of buildings under construction decreased by 5.2% to 7.64577bn square meters during January to March.

Steel export went up by 36.7% y-o-y during January to March

According to the statistics of the Customs, the export of steel products was 7.89Mt in March. The total export was 20.081Mt during January to March, up by 36.7% y-o-y. The import of steel products was 682,000t in March. The total import was 1.913Mt during January to March, down by 31.5% y-o-y.

As for iron ore and concentrate, the import was 100.022Mt in March, while the total import was 294.335Mt during January to March, down by 3.3% y-o-y. The average import price decreased by 3.3% y-o-y.

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