Investment Grows Faster in January-AugustThe growth rate of China's investment in fixed assets increased 12.7 percent in January-August than in the same 1999 period, reaching 1,195.5 billion yuan (US$144.04 billion), official statistics showed.According to figures released Friday by the National Bureau of Statistics, in the month of August, however, the growth rate was 1.7 percentage points less than that in July this year though the month's investment in fixed assets grew 13.1 percent than in August last year to 181.2 billion yuan (US$21.83 billion). Infrastructure investment in the first eight months grew by 7.7 percent over the same period last year to 624.7 billion yuan (US$75.27 billion) and the growth rate was 0.3 percentage points higher than that of the first seven months. Investment in real estate maintained a growth rate of 24.3 percent over the same period last year, totaling 24.13 billion yuan (US$2.91 billion). The floor space of commercial housing sold topped 60.07 million square meters, 40.1 percent higher than during the same period last year. The growth rate of investment in the technical renovation and transformation of equipment slowed by 0.9 points from that in the first seven months though the investment totaled 207.1 billion yuan (US$24.95 billion), 21.6 percent up from the same 1999 period. |
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