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China's inv't in 6 high energy-consuming sectors up 23.7% in Q1

May. 28, 2012 (China Knowledge) - China saw its investment in the six high energy-consuming industries grow 23.7% YoY to RMB 639.45 billion in the first quarter of this year, according to the latest statistics released by the National Bureau of Statistics.

The growth rate was 23.7% percentage points higher than that in the same period of 2011.

All the six high energy-consuming industries saw faster growth in investment. The raw chemical material and chemical product industry experienced the highest YoY growth of 33.3% in the first three months, accelerating by 16.9 percentage points than in the same period of last year. The investment in ferrous metal smelting and processing rose 31.7% YoY, and the growth rate was 21.1 percentage points faster than that in Q1 2011.

There was a 21.3% YoY increase in the investment in the nonferrous metal smelting and processing industry, followed by a 20.4% increase in investment in the oil processing, coking and nuclear fuel processing industry, 19.2% increase in investment in the non-metal mineral product industry and an 18.3% increase in the power and heat production and supply industry.

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