According to official data, China's fixed-asset investment increased by 4 percent year-on-year in the first four months of 2025. The National Bureau of Statistics (NBS) reported that, excluding the property sector, the country's fixed-asset investment grew by 8 percent year-on-year during this period. Infrastructure investment saw a rise of 5.8 percent year-on-year, while manufacturing investment increased by 8.8 percent.

Analyzing by industry, investment in the primary industry experienced a growth of 13.2 percent year-on-year, and secondary industry investment rose by 11.7 percent. Conversely, the tertiary industry saw a decrease in investment by 0.2 percent.

The high-tech sector demonstrated significant growth, with investment in information services surging by 40.6 percent. Computer and office equipment manufacturing investment increased by 28.9 percent. Furthermore, investment in aviation, spacecraft, and equipment manufacturing grew by 23.9 percent, while professional technical services investment rose by 17.6 percent.

Additional data indicated that China's value-added industrial output expanded by 6.1 percent year-on-year in April. Retail sales of consumer goods, a key indicator of the country's consumption strength, grew by 5.1 percent year-on-year. The surveyed urban unemployment rate in China averaged at 5.1 percent in April.

The NBS noted that in April, despite increased external shocks, coordinated macro policy efforts helped maintain steady and relatively fast growth across key economic indicators, allowing the Chinese economy to continue its upward trajectory.