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China's Fixed Asset Investment Sees Momentum in Growth
China's social investment in fixed assets in the first three quarters stood at 2.1221 trillion yuan, up 15.8 percent from the same period last year, according to Li Xiaochao, spokesman for the National Bureau of Statistics.
Li told a press conference Tuesday that fixed asset investment by State-owned and other ownership economies increased 18.2 percent; collective and individual investment grew by 9.1 percent.
He said that investment in real estate development maintained its fast growth, increasing 31.4 percent from the same period last year; infrastructure investment increased 11.7 percent, basically unchanged; renewing and renovation investment was up 24.1 percent.
At the same time, investment in the central and western areas of the country increased 21.1 percent and 24.5 percent, respectively, or 3.8 and 7.2 percentage points higher than coastal areas, respectively. Investment in the tertiary industry increased drastically 22 percent.
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