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China's fixed assets investment booms over decade

(Xinhua)

08:24, August 24, 2012

BEIJING, Aug. 23 (Xinhua) -- China's fixed assets investment has maintained a fast growth pace over the past decade, according to a report released by the National Bureau of Statistics (NBS) on Thursday.

Reviewing the development of the country's fixed assets investment since the 16th National Congress of the Communist Party of China in 2002, the report said that annual investment in 2011 hit 31.1 trillion yuan (4.91 trillion U.S. dollars), seven times more than the 2002 figure of 4.35 trillion yuan.

Accumulatively, fixed assets investment during the 2003-2011 period amounted to 144.9 trillion yuan, marking an annual growth rate of 25.6 percent, said the report, adding that the fixed assets investment structure had been improved.

The NBS attributed the fast growth in investment to further coordinated regional development, optimized industrial investments and active private investments.

The following are key facts and figures from the report.

-- Fixed assets investment totalled 31.19 trillion yuan in China's west during the 2003-2011 period, marking an average growth pace of 27.5 percent annually. The western region covers 12 provinces or autonomous regions, including Inner Mongolia Autonomous Region, Guangxi Zhuang Autonomous Region and Chongqing Municipality.


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