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Fixed Assets Investments Up in China
China's investment in fixed assets grew by 9.3 percent on an year-on-year basis in the first four months of the year, falling short of the beginning-of-the-year prediction of ten percent.
According to figures released by the National Bureau of Statistics (NBS) on May 18, the growth rate was 0.8 percentage points higher than in the first three months of the year.
Total investment in fixed assets was 361.1 billion yuan from January to April.
Wu Jinglian, senior economist of the Chinese government's think- tank, the Development Research Center (DRC) of the State Council, said that the actual figure was likely to be even larger because official statistics did not include the growth of investment by private and collective enterprises.
According to NBS figures, investment in infrastructures totaled 199.3 billion yuan from January to April, increasing 4.7 percent over the same period last year.
At the same time, investment in technology upgrading grew by 15. 8 percent to 64.4 billion yuan. Investment in real estates jumped by 20.8 percent to 83.5 billion yuan.
NBS said that major driving forces of the growth included investment in the western region of China, growing investment in the industrial sector and the upgrading of technology.
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