Jan-Oct fixed-assets investment up 24.9%

Updated: 2011-11-09 14:10


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Jan-Oct fixed-assets investment up 24.9%

BEIJING - China's fixed-asset investment rose 24.9 percent year-on-year in the first 10 months of the year to 24.1365 trillion yuan ($3.8 trillion), the National Bureau of Statistics (NBS) said Wednesday.

The fixed-asset investment growth rate was the same as that recorded for the first nine months, said the NBS in a press release on its website.

On a monthly basis, fixed-asset investments increased 1.34 percent in October, it said.

Investment in the nation's property sector rose 31.1 percent year-on-year to reach 4.99 trillion yuan in the ten-month period, of which 3.58 trillion yuan went into residential housing, an increase of 34.3 percent from the same period last year.

Investment in State-owned and State-controlled companies rose 12.4 percent to 8.39 trillion yuan during the period.

Investment in the nation's eastern region grew 22.2 percent year-on-year, while investment in central and western regions rose 29.7 percent and 29.6 percent, respectively.