China's Fixed-Asset Investment up 25.4 Pct in First Seven Months

BEIJING, Aug. 10 (Xinhua) -- China's fixed-asset investments rose 25.4 percent year on year to 15.24 trillion yuan (2.36 trillion U.S. dollars) during the first seven months of the year, the National Bureau of Statistics (NBS) announced Tuesday.

In July, fixed asset investments rose by 0.27 percent month on month after falling 1.04 percent month on month in June.

In the first seven months, investment in the primary, secondary and tertiary industries rose 22.8 percent, 26.7 percent and 24.5 percent from one year earlier, respectively.

Furthermore, investment in the nation's property sector rose 33.6 percent year on year to reach 3.19 trillion yuan, of which 2.28 trillion yuan went toward residential housing, an increase of 36.4 percent over the same period last year.

Floor space transactions of commercial housing climbed 13.6 percent year on year to 520.37 million square meters during the first half, of which 12.9 percent were residential housing.