On April 17, the State Council Office held a press conference on the operation of the national economy in the first quarter of 2020. Mao Shengyong, a spokesman for the National Bureau of Statistics, introduced that in the first quarter, national fixed asset investment (excluding farmers) was 841.4 billion yuan, down 16.1% year-on-year.
In terms of different fields, infrastructure investment fell by 19.7%, manufacturing investment fell by 25.2%, and real estate development investment fell by 7.7%. The declines were 10.6, 6.3, and 8.6 percentage points narrower than those in January-February.
The sales area of commercial housing nationwide was 219.78 million square meters, a decrease of 26.3%; the sales of commercial housing reached 2.0365 trillion yuan, a decrease of 24.7%.
In terms of different industries, investment in the primary industry fell by 13.8%, investment in the secondary industry decreased by 21.9%, and investment in the tertiary industry decreased by 13.5%; private investment was 4,780.4 billion yuan, a decrease of 18.8%.