Tibetannet

A Fuxing bullet train runs on the Lhasa-Nyingchi railway during a trial operation in Shannan, Southwest China's Tibet autonomous region, June 16, 2021. [Photo/Xinhua]

Policies to help advance infrastructure construction are now making impacts and are expected to facilitate a steady recovery in fixed asset investments, an official said.

The National Bureau of Statistics (NBS) announced on Monday that China's fixed-asset investments went up 4.9 percent year-on-year in 2021. The growth rate comes in at 3.9 percent measured by a two-year average.

In specifics, investment in property development rose 4.4 percent last year from the previous year.Fixed asset investments from the private sector grew by 7 percent compared with the previous year.

Ning Jizhe, head of NBS, said that some front-loaded investment policies are already making impacts to facilitate infrastructure investments. The intensity of both fiscal and monetary policies facilitating investments is increasing, and this will help with the steady recovery in fixed asset investments, Ning said.

In 2021, total volume of investments in newly opened projects grew by 3.3 percent compared with the previous year, Ning said. Over the past two weeks, a number of localities also kick-started some key infrastructure projects as planned, and this has added to the good prospects for this year's investment growth, he added.