Fixed Asset Investment Up 26.6%, Retail Sales Up 17.9%

Fixed asset investment in China increased 26.6 percent year-on-year in January and February to 1.3 trillion yuan, reports Chinanews.com.cn, citing the National Bureau of Statistics.

Of the 1.3 trillion yuan of fixed asset investment, investment in real estate development increased 31.1 percent year-on-year to 314.4 billion yuan.

Retail sales in February rose 17.9 percent year-on-year to 2.51 trillion yuan. The rate of increase in February was 2.7 percentage points greater than in the same period a year ago.