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China's Fixed Assets Investment Increases Rapidly
The fixed assets investment in China was 387.8 billion yuan in the first quarter of this year, up 12.4 percent compared with the same period last year.
"The fixed assets investment by state-owned enterprises and other economies totaled 256 billion yuan, up 15.1 percent, and that of private enterprises increased three percent." Qiu Xiaohua, vice director of the National Bureau of Statistics said Tuesday at a press conference.
The fixed assets investment in the real estate went up 22.9 percent and that in the machinery industry rose 24 percent.
The investment in western areas increased 23.4 percent, 6.2 and 16 percentage points higher than those in eastern and central areas.
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