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China's urban fixed asset investment up 26.1% in Jan-Apr

Source :China Knowledge          update : 2010-05-12
China's urban fixed asset investment surged 26.1% year on year to RMB 4.67 trillion in the first four months of this year, according to statistics released by the National Bureau of Statistics today.

The growth rate was 4.4 percentage points higher than in the same period of last year.

Fixed asset investment in state-owned or state-funded enterprises was RMB 1.94 trillion, up 20.8% compared with investment in the same period of last year. Investment in the real estate sector totaled RMB 993.2 billion, 36.2% more than in the same period of last year.

The statistics also show that investment in central government and local government projects climbed 10.6% and 27.6% from a year earlier to RMB 383.3 billion and RMB 4.29 trillion, respectively.

Investment in primary industry, secondary industry and tertiary industry increased 16.5%, 21.7% and 29.7% year on year, respectively.

Investment in the coal mining and washing industry rose 27.8% to RMB 59.2 billion, and investment in the production and supply of electricity and heat was RMB 222.5 billion, up 5.6% over the same period of last year.

RMB 113.6 billion was invested in the railway transportation sector, 17.5% more than in the same period of last year. Investment in oil and natural gas extraction rose 2.7% to RMB 50.6 billion.