China's fixed asset investment up 9.6% on-year in first five months: govt

China's fixed asset investment, an important gauge of infrastructure spending, rose 9.6 percent in the first five months of the year, government statistics showed Monday, as investment growth slows in the world's second-largest economy. Industrial output rose 6.0 percent year-on-year in May, matching expectations, while retail sales were up 10.0 percent year-on-year in May, according to data from the National Bureau of Statistics. The fixed asset investment results fell short of Bloomberg News'