China's Q1 Fixed-Asset Investment Up 20.9%-Shanghai Metals Market

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China's Q1 Fixed-Asset Investment Up 20.9%

Industry News 02:33:26PM Apr 15, 2013 Source:SMM

Updated: 2013-04-15, BEIJING - China's urban fixed asset investment in the first quarter of 2013 showed a 20.9-percent rise to 5.8092 trillion yuan ($929.47 billion), new data showed.


The growth equalled that of the first quarter of 2012, but was 0.3 percentage point higher than that of the entire year of 2012, the National Bureau of Statistics said Monday.


Investment in the agricultural sector surged 31.4 percent to 93 billion yuan. Investment in industry grew 16.2 percent to 2.46 trillion yuan, while the service sector saw a 24.5-percent rise to hit 3.25 trillion yuan.


Investment in the nation's western regions witnessed the fastest growth of 24.2 percent, followed by 24.1 percent in Central China and 19.4 percent in the country's east.


Investment in property development climbed 20.2 percent, down 3.3 percentage points over the same period last year, the NBS said.

 

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China's Q1 Fixed-Asset Investment Up 20.9%

Industry News 02:33:26PM Apr 15, 2013 Source:SMM

Updated: 2013-04-15, BEIJING - China's urban fixed asset investment in the first quarter of 2013 showed a 20.9-percent rise to 5.8092 trillion yuan ($929.47 billion), new data showed.


The growth equalled that of the first quarter of 2012, but was 0.3 percentage point higher than that of the entire year of 2012, the National Bureau of Statistics said Monday.


Investment in the agricultural sector surged 31.4 percent to 93 billion yuan. Investment in industry grew 16.2 percent to 2.46 trillion yuan, while the service sector saw a 24.5-percent rise to hit 3.25 trillion yuan.


Investment in the nation's western regions witnessed the fastest growth of 24.2 percent, followed by 24.1 percent in Central China and 19.4 percent in the country's east.


Investment in property development climbed 20.2 percent, down 3.3 percentage points over the same period last year, the NBS said.