Chinese Online Class - Fixed assets investment up 25.5% in first 4 months

BIZCHINA / Center

Fixed assets investment up 25.5% in first 4 months

(Xinhua)
Updated: 2007-05-17 11:14

China's urban fixed assets investment totaled 2.2594 trillion yuan
(289.67 billion U.S. dollars) in the first four months, up 25.5 percent
from the same 2006 period, the National Bureau of Statistics said
Thursday.

The monthly rise was 0.2 percentage points higher than in the first
quarter this year and 4.1 percentage points lower than during the same
period last year.

The real estate sector saw investment soar 27.4 percent, which was 6.1
percentage points higher than the rise a year ago, to 526.5 billion yuan.

The nonmetal mineral sector recorded a 48.3-percent increase in
investment, outperforming any other sector. The ferrous metal sector
followed, with investment up 47.2 percent.

Investment in the petroleum and natural gas extraction sector was up 25.6
percent, while the coal and steel sectors rose 14.7 percent and 4.9
percent respectively.

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