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China's fixed asset investment up 25% in H1

By Qiang Xiaoji (chinadaily.com.cn/Xinhua)
Updated: 2010-07-15 10:32

Total fixed asset investment in China for the first six months rose 25 percent year-on-year to 11.42 trillion yuan ($1.69 trillion), the National Bureau of Statistics (NBS) announced Thursday.

Urban fixed asset investment increased by 25.5 percent year-on-year to 9.8 trillion yuan and rural fixed assset investment grew 22.1 percent from a year earlier to 1.61 trillion yuan in the first half of this year, the NBS said.

In urban fixed-asset investment, total investment in the primary sector (including farming, fishing and forestry) expanded 17.8 percent from a year earlier.

The industrial sector saw investment up 22.3 percent and investment in the tertiary sector, which covers commerce, finance and services, up 28.4 percent.

 

Related readings:  China's urban fixed asset investment up 25.9% in first 5 months  China's urban fixed-asset investment up 26.1% in April

In terms of regions, central China rose the most by 28 percent in fixed-asset investment in the first six months from a year earlier, while western China increased 27.3 percent and eastern China climbed 22.4 percent.

Property market investment grew 38.1 percent to 1.97 trillion yuan in the first six months, up 38.1 percent from a year earlier.