China’s urban fixed-asset investment up 24.9 percent
December 11th, 2010 - 7:04 pm ICT by IANSBeijing, Dec 11 (IANS) China’s urban fixed-asset investment rose by 24.9 percent in the first 11 months year-on-year to 21.07 trillion yuan ($3.19 trillion), China’s statistics authority said Saturday. The growth rate was 0.5 percentage points higher than the figure during the first 10 months, Xinhua reported citing the National Bureau of Statistics (NBS).
The urban investment in the primary, secondary and tertiary industries rose by 16.6 percent, 22.7 percent and 26.9 percent respectively.
During the first 11 months, investment in central government projects rose by 10.2 percent year-on-year to 1.68 trillion yuan, while investment in local government projects was up by 26.4 percent to 19.39 trillion yuan, the NBS said.
Property development investment was up by 36.5 percent year-on-year to reach 4.27 trillion yuan, the figures showed.
During the same period, state-owned and state-controlled investment reached 8.75 trillion yuan, up 19 percent from a year earlier.
Investment in railway constructions and transportation jumped 25.3 percent to 582.2 billion yuan, while investment in petroleum and gas exploration climbed 5.8 percent to 219.4 billion yuan for the first 11 months.
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