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China's fixed asset investment up 23.8% in 2011

Jan. 17, 2012 (China Knowledge) - China's fixed asset investment surged 23.8% year on year to RMB 30.19 trillion last year, according to statistics released by the National Bureau of Statistics.

After reducing price changes, the country's fixed asset investment increased 16.1% year on year.

In 2011, fixed asset investment in primary industry saw a 25.0% increase, hitting RMB 679.2 billion, while investment in secondary and investment in tertiary industry grew 27.3% and 21.1% year on year to RMB 13.23 trillion and RMB 16.29 trillion, respectively, according to the latest statistics.

Investment in the industrial sector jumped 26.9% year on year to RMB 12.90 trillion during the period. The figure included RMB1.18 trillion in the mining sector, RMB 10.26 trillion in the manufacturing sector and RMB 1.46 trillion in the electricity, gas and water producing and supplying sector, up 21.4%, 31.8% and 3.8% year on year, respectively.
The country's investment in infrastructure climbed 5.9% year on year to 5.11 trillion last year, and the growth rate was 14.3 percentage points lower than that in 2010.

Meanwhile, fixed asset investment in China's eastern, central and western regions booked notable year-on year increases of 21.3%, 28.8% and 29.2%, respectively.

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