BEIJING -- China's urban fixed asset investment rose 20.4 percent year-on-year to 13.12 trillion yuan ($2.13 trillion) in the first five months, the National Bureau of Statistics announced on Sunday.

The growth rate slightly decelerated by 0.2 percentage point compared to the first four months.

Investment in property development rose 20.6 percent to 2.68 trillion yuan in the January-May period, down 0.5 percentage point compared to the first four months, according to data released by the NBS.