China's urban fixed asset investment surged 24.9% year on year to RMB 11.99 trillion in the first seven months of this year, according to statistics released by the National Bureau of Statistics.

In the first seven months, central government projects attracted RMB 924.2 billion of investment, 10.4% more than in the same period of last year, while local government projects attracted RMB 11.06 trillion of investment during the period, 26.3% more year on year.

Urban fixed asset investment in primary industry saw an 18.9% increase, while investment in secondary and investment in tertiary industry grew 22.1% and 27.4% respectively, according to the latest statistics.

In the first half, fixed asset investment in the real estate sector was RMB 2.39 trillion, up 37.2% year on year.