China Urban Fixed-Asset Investment up 33.5% in H1

BEIJING, July 16 -- China's fixed-asset investment in the first half year rose 33.5 percent from a year earlier to 9.132 trillion yuan (1.34 trillion U.S. dollars), the National Bureau of Statistics announced Thursday.

    The figure is 7.2 percentage points higher than the same period of last year.

    Urban fixed-asset investment climbed 33.6 percent in the first half year to 7.81 trillion yuan, compared with a 32.9 percent growth in the first five months of this year. June alone recorded a 35.3 percent advance in urban fixed-asset investment.

    Among urban fixed-asset investment, the growth rate in the primary sector, covering farming, fishing and forestry, among others, jumped 68.9 percent from a year ago.

    The industrial sector, or the secondary sector, saw investment rise 29.0 percent and the tertiary sector, the third industry which covers commerce, finance, and service, posted a 36.6 percent growth.

    (Source: Xinhua)