China's urban fixed asset investment up 26.8 pct from Jan.-Nov.
16/12/2008 17:02
China's urban fixed asset investment was up 26.8 percent year-on-year at
12.76 trillion yuan (US$1.87 trillion) in the first 11 months of this year, the
National Bureau of Statistics (NBS) said today.
The growth rate was 0.4
percentage points lower than the first 10 months but unchanged from a year
earlier.
The figure is a key measure of spending on factories, production
facilities and real estate development.
Completed investment by state-owned
enterprises hit 5.34 trillion yuan, a year-on-year increase of 21.6 percent, the
NBS said.
Investment in real estate development totaled 2.65 trillion yuan,
up 22.7 percent. The growth rate was 1.9 percentage points lower than the
January-October level.
Investment in primary industry was 194.5 billion yuan,
up 57.4 percent. The figures for secondary and tertiary industry were 5.72
trillion yuan and 6.84 trillion yuan, up 29.5 percent and 24.1 percent,
respectively.
The bureau said actual investment from enterprises on the
mainland totaled 11.44 trillion yuan, up 28 percent, while that from Hong Kong,
Macau and Taiwan was 561.3 billion yuan, up 18.2 percent.
Foreign investment
rose more slowly, growing 15.8 percent to 687.3 billion yuan.
By sector, coal
mining saw a 34.8 percent increase. Investment in the thermal power industry
jumped 15.7 percent and oil and gas development investment was up 34.8 percent
from a year earlier.
Xinhua
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