Property sector accounts for more than 50% of Beijing's capital input

15:55, May 17, 2010      

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China's capital reported 110.37 billion yuan (16.18 billion U.S. dollars) in fixed-assets investment in the first four months, a growth of 32.5 percent on the same period of last year.

The total included in 55.59 billion yuan in real estate development, up 64.4 percent.

Of the investment in the property sector, 25.93 billion yuan went to commercial housing projects, up 58.8 percent.

State-owned enterprises invested 31.05 billion yuan, down 18.8 percent; the non-state sector 71.67 billion yuan, up 90.8 percent; and overseas-funded companies 7.66 billion yuan, up 2.1 percent.

Source: Xinhua


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