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BIZCHINA> Investment

Jan-Oct urban fixed-asset investment up 27%

(Xinhua)
Updated: 2008-11-14 14:19

China's urban fixed-asset investment was 11.32 trillion yuan ($1.66 trillion) in the first 10 months of this year, up 27.2 percent year-on-year, the National Bureau of Statistics said on Friday.

The growth rate was 0.3 percentage point higher than the same period last year.

Investment in real estate reached 2.39 trillion yuan, up 24.6 percent from a year earlier.

Completed investment by state-owned enterprises stood at 4.71 trillion yuan, up 21.3 percent.

Investment in primary industry grew 61.8 percent to 173.2 billion yuan while that of secondary industry rose 30 percent to 5.08 trillion yuan. Tertiary-industry investment increased 24.3 percent to 6.07 trillion yuan.

The non-metallic minerals sector saw a 48.6-percent increase, while investment in coal mining jumped 41 percent and energy investment was up 16 percent from a year earlier.

(For more biz stories, please visit Industries)