China’s urban fixed-asset investment up 26.6%

Staff writer Asia Pulse 12.03.2010 02:40
China’s urban fixed-asset investment up 26.6% - China - property investment


China´s urban fixed assets investment leaped 26.6 percent year on year (y-o-y) to 1.3 trillion yuan or US$190.3 billion in the first two months, highlighted by a prominent increase in property investment, the National Bureau of Statistics (NBS) announced Thursday.



Nationwide, real estate investment remained strong in the first two months, surging 31.1 percent y-o-y to 314.4 billion yuan, up 30.1 percentage points from the rate in the same period last year, the NBS said.

Investment in commercial housing jumped 32.8 percent to hit 223.3 billion yuan, accounting for 71 percent of the total, according to the NBS.

The growth rate of urban fixed assets investment in the first two months was 0.1 percentage points higher than that in the same period last year, according to the NBS.

Total investment in the primary sector (farming, fishing and forestry, among others) expanded 8.9 per cent from a year earlier.

Source