China's fixed-asset investment up 20.1 pct in first seven months

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China's fixed-asset investment up 20.1 pct in first seven months

(Xinhua) 20:42, August 09, 2013

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China's urban fixed-asset investment grew 20.1 percent year on year in the first seven months, staying flat from the figure for the first half, the National Bureau of Statistics (NBS) announced on Friday.

Total investment stood at 22.17 trillion yuan (3.63 trillion U.S. dollars) in the January-July period, the NBS said.

Investment in primary industry amounted to 482.7 billion yuan, up 32.8 percent. Investment in secondary industry totaled 9.58 trillion yuan, up 16 percent, while investment in tertiary industry rose 23.1 percent to hit 12.11 trillion yuan.

Investment in China's central regions grew by 23.5 percent, followed by 22.7 percent in the west and 18.7 percent in the east.

Private investment accounted for 63.7 percent of the total fixed asset investment in the first seven months. It grew 23.3 percent year on year to 14.12 trillion yuan during the period, down 0.1 percentage point compared to that of the first half.

During the period, investment in the property sector totaled 4.43 trillion yuan, up 20.5 percent year on year. Investment growth during the period went up 0.2 percentage points from that of the first half.

Investment in residential housing accounted for 68.4 percent of the total property investment. It registered an increase of 20.2 percent year on year to 3.03 trillion yuan.

Sales of commercial housing rose 25.8 percent year on year to hit 611.33 million square meters, down 2.9 percentage points from the first six months.

（Editor：LiXiang、Hongyu）