Increase in fixed-asset investment pledged

The National Development and Reform Commission pledged to increase investment led by the central government in major facilities in industry and public service, after the nation reported lower growth in investment in fixed assets last year.

Investment in public programs has been a main method for China to keep up its GDP growth. But in year-on-year terms, its investment in fixed assets amounted to 55.1 trillion yuan (nearly $8.5 trillion) last year, showing a growth of only 10 percent, down from a growth of 15.7 percent in 2014 and 20.6 percent in 2012.

Fixed-asset investment in the manufacturing sector grew by only 8 percent last year.