China's Urban Fixed Asset Investment up 26.6% in Jan-Feb-Shanghai Metals Market

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China's Urban Fixed Asset Investment up 26.6% in Jan-Feb

Data Analysis 04:54:33PM Mar 11, 2010 Source:SMM

BEIJING, Mar. 11 -- China's urban fixed asset investment surged 26.6% year on year to RMB 1.30 trillion in the first two months of this year, according to statistics released by the National Bureau of Statistics today.

The growth rate was 0.1 percentage points higher than in the same period of last year.

Fixed asset investment in state-owned or state-funded enterprises was RMB 571.5 billion, up 27.4% compared with investment in the same period of last year. Investment in the real estate sector totaled RMB 314.4 billion, 31.1% more than in the same period of last year.

The statistics also showed that investment in central government and local government projects climbed 14.0% and 28.1% from a year earlier to RMB 121.9 billion and RMB 1.18 trillion, respectively.

Investment in primary, secondary and tertiary industries increased 8.9%, 21.0% and 30.9% year on year, respectively.

Investment in the coal mining and washing industry rose 24.3% to RMB 10.4 billion, and investment in the production and supply of electricity and heat was RMB 67.3 billion, up 6.6% over the same period of last year.

RMB 41.7 billion was invested in the railway transportation sector, 21.8% more than in the same period of last year. Investment in oil and natural gas extraction rose 14.7% to RMB 12.1 billion.


 

China's Urban Fixed Asset Investment up 26.6% in Jan-Feb

Data Analysis 04:54:33PM Mar 11, 2010 Source:SMM

BEIJING, Mar. 11 -- China's urban fixed asset investment surged 26.6% year on year to RMB 1.30 trillion in the first two months of this year, according to statistics released by the National Bureau of Statistics today.

The growth rate was 0.1 percentage points higher than in the same period of last year.

Fixed asset investment in state-owned or state-funded enterprises was RMB 571.5 billion, up 27.4% compared with investment in the same period of last year. Investment in the real estate sector totaled RMB 314.4 billion, 31.1% more than in the same period of last year.

The statistics also showed that investment in central government and local government projects climbed 14.0% and 28.1% from a year earlier to RMB 121.9 billion and RMB 1.18 trillion, respectively.

Investment in primary, secondary and tertiary industries increased 8.9%, 21.0% and 30.9% year on year, respectively.

Investment in the coal mining and washing industry rose 24.3% to RMB 10.4 billion, and investment in the production and supply of electricity and heat was RMB 67.3 billion, up 6.6% over the same period of last year.

RMB 41.7 billion was invested in the railway transportation sector, 21.8% more than in the same period of last year. Investment in oil and natural gas extraction rose 14.7% to RMB 12.1 billion.