Urban fixed assets investment up 26.9%

Updated: 2007-11-16 14:35

China's urban fixed assets investment rose 26.9 percent to 8.9 trillion yuan in the first ten months, said the National Bureau of Statistics (NBS) on Friday.

The increase was 0.1 percentage point higher than the growth rate in the same period last year and 0.5 percentage points higher than the January-September figure, said the NBS.

Of the total investment in urban areas, 107 billion yuan went into primary industry, up 39.9 percent; secondary industry accounted for 3.9 trillion yuan, up 29.6 percent, and tertiary industry 4.9 trillion yuan, up by 24.7 percent.

Investment in state-owned and state-holding enterprises was 3.88 trillion yuan, up by 16.6 percent. Investment in real estate was 1.92 trillion yuan, up by 31.4 percent.

In the first ten months, construction of 191,086 new projects began, 22,518 more than in the same period last year. The planned investment in new projects was 6.67 trillion yuan, up 26.5 percent.

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