China’s fixed-asset investment has maintained steady growth in the first four months of 2024, buoyed by government policies designed to expand effective investment.

Fixed-asset investment rose 4.2% year on year to 14.34 trillion yuan (about US$ 2.02 trillion) during the January-April period, data from the National Bureau of Statistics (NBS) showed.

Manufacturing investment increased by 9.7%, the NBS said. The fixed-asset investment in the textile industry increased by 16.3% year-on-year in the first four months.

Source: CHINA TEXTILE LEADER Express