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China's urban fixed asset inv't up 20.9% in Q1

Apr. 13, 2012 (China Knowledge) - China's urban fixed asset investment jumped 20.9% year on year to RMB 4.79 trillion in the first quarter of this year, according to statistics released by the National Bureau of Statistics.

After adjusting the price changes, the country's fixed asset investment increased 18.2% year on year in the quarter.

In March, the country's fixed asset investment rose 0.64% from February.
In the first three months, fixed asset investment in primary industry saw a 35.8% increase, hitting RMB 88.6 billion, while investment in secondary and investment in tertiary industry grew 24.6% and 17.6% year on year to RMB 2.13 trillion and RMB 2.57 trillion, respectively, according to the latest statistics.

Investment in the industrial sector saw of higher growth of 23.9% year on year to RMB 2.07 trillion in the quarter. The figure included RMB130.2 billion in the mining sector, RMB 1.72 trillion in the manufacturing sector and RMB 211.9 billion in the electricity, gas and water producing and supplying sector, up 20.8%, 24.8% and 18.4% year on year, respectively.
Meanwhile, fixed asset investment in China's eastern, central and western regions booked notable year-on year increases of 18.9%, 27.1% and 26.9%, hitting RMB 2.54 trillion, RMB 1.15 trillion and RMB 1.06 trillion, respectively.

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