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China's Fixed Asset Investment 9-Percent Up
China's fixed asset investment rose 9.3 percent in the first four months of the year to reach 361.1 billion yuan, Qiu Xiaohua, deputy director of the National Bureau of Statistics said Friday at a press conference held by the State Council's Information Office.
Of the said investment, 199.3 billion yuan went to basic construction projects, up 4.7 percent over the same period of last year.
Sharp increases were reported in investment in real estate and renovation projects, up 20.8 and 15.8 percent, respectively, the official said.
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