Financial Markets
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks

Financial Market
 Search News  Or
NDRC lowers fixed-asset investment growth to 16% for 2012

Mar. 5, 2012 (China Knowledge) - China's fixed-asset investment growth is expected to reach 16% this year, lower than 18% in 2011 and 20% in 2010, said the National Development and Reform Commission.

The move to cut the fixed-asset investment growth target is parts of the Chinese government's plans to ease the country's property market and curb inflation, said an analyst.

In 2011 and 2010, China's fixed-asset investment growth was both 23.8%, and figure reached 30.1% in 2009.

NDRC noted the central government has allocated RMB 69 billion on indemnificatory housing project for 2012, RMB 10 billion more than that of last year.

Gross retail sales in China are estimated to increase by 14% this year, lower than its target of 16% in 2011.

In 2012, China expects to attract US$120 billion worth of foreign direct investment, up 3.5% from a year earlier, and the country's direct investment in the overseas market would grow 10% to US$66 billion this year, NDRC added.

Add this     
Copyright © "2015"

Send feedback or comments to:

For more news, financial weekly reports, business guides to China, Market Research Reports and other premium information, subscribe to China Knowledge today

To access our page on Bloomberg, type CKFI (GO)

 Our Professional Services


 News Archive
About Us | CSR | Media Center | E-Newsletter | E-Store | Contact Us | Feedback | Sitemap | Privacy Policy | Terms of Use  

           Copyright © 2014 China Knowledge Online. All Rights Reserved