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China Urban Fixed-asset Investment up 33% in First Eight Months

China's New Loans Rise to 410.4 bln Yuan in August

BEIJING, Sept. 11 -- Fixed-asset investment in China's urban areas rose 33 percent in the first eight months of 2009 from a year earlier to 11.3 trillion yuan (1.65 trillion U.S. dollars), the National Bureau of Statistics said Friday.
&nbsp;&nbsp;&nbsp; The growth rate was 5.6 percentage points higher than the rate in the same period last year, up 0.1 percentage point compared to the first seven months of this year.
&nbsp;&nbsp;&nbsp; June alone recorded a 35.3-percent rise. The NBS did not provide monthly figures for July and August.
&nbsp;&nbsp;&nbsp; The growth rate in the primary sector for the first eight months -- including farming, fishing and forestry -- jumped 60.4 percent from a year earlier.
&nbsp;&nbsp;&nbsp; For the first eight months the industrial sector investment rose 27 percent. In the tertiary sector covering commerce, finance and services, there was a 37.3-percent growth.
&nbsp;&nbsp;&nbsp; China unveiled a 4-trillion-yuan stimulus package last November to boost investment in factories, property, roads and other facilities to counter falling exports and fuel growth of the world's third largest economy.
&nbsp;&nbsp;&nbsp; (Source: Xinhua)