Apr. 10, 2012 (China Knowledge) - China saw its investment in the six high energy-consuming industries grow 18.3% year on year to RMB 4.1 trillion last year, according to the latest statistics released by the National Bureau of Statistics
The growth rate was 3.7 percentage points higher than that in 2010.
Four of the six high energy-consuming industries saw faster growth in investment. The nonferrous metal smelting and processing industry experienced the highest year-on-year growth of 36.4% last year, accelerating by 3.7 percentage points than in the previous year. The investment in non-metal mineral product industry rose 31.8% year on year, and that those in the raw chemical material and chemical product industry grew 26.4%, followed by a 14.6% increase in the investment of the ferrous metal smelting and processing industry.
However, the power and heat production and supply industry only saw a 1.8% growth in investment in 2011, slowing from a 7.2% increase in 2010. Investment in the oil processing, coking and nuclear fuel processing industry rose 10.1% year on year last year, and the growth was 3.1 percentage points less than in 2010.