Business / Economy

Fixed-asset investment to grow 22% in 2013: report

By Wei Tian ( Updated: 2012-12-10 16:45

Investment growth will maintain a relatively rapid pace next year, a report by the State Information Center said on Monday.

Fixed-asset investment in 2013 is likely to grow 22 percent year-on-year, while the growth in the real estate sector will be about 15 percent, the government think-tank was quoted by the China Securities Journal as saying.

A change in government and a rise in construction projects will create an accommodative environment for investment growth.

A positive fiscal and monetary environment will also facilitate steady investment growth, the report said.

However, steady investment growth still faces challenges amid an economic downturn and ongoing restrictions on the housing market, the report warned.

Future investment strategies should put more priority on improving the investment structure, providing support to key sectors, and encouraging more private investors, the report suggested.

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