China fixed-asset investment up 25% in first half year

10:42, July 15, 2010      

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China's fixed-asset investment in the first six months rose 25.0 percent year on year to 11.4187 trillion yuan (1.67 trillion U.S. dollars), the National Bureau of Statistics (NBS) announced Thursday.

Urban fixed-asset investment rose to 9.80 trillion yuan in the first six months, up 25.5 percent from a year earlier.

Rural fixed-asset investment expanded to 1.61 trillion yuan in the first six months, up 22.1 percent from a year earlier.

In urban fixed-asset investment, total investment in the primary sector (including farming, fishing and forestry) expanded 17.8 percent from a year earlier.

The industrial sector saw investment up 22.3 percent and investment in the tertiary sector, which covers commerce, finance and services, up 28.4 percent.

In terms of regions, central China rose the most by 28 percent in fixed-asset investment in the first six months from a year earlier, while western China increased 27.3 percent and eastern China climbed 22.4 percent.

Property market investment grew 38.1 percent to 1.97 trillion yuan in the first six months, up 38.1 percent from a year earlier.

Source: Xinhua


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