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China's urban fixed asset inv't up 20.4% in H1

Jul. 13, 2012 (China Knowledge) - China's urban fixed asset investment jumped 20.4% YoY to RMB 15.07 trillion in the first six months of this year, accelerating from a 20.1% growth in the first five months, according to statistics released by the National Bureau of Statistics.

In June, the country's fixed asset investment rose 1.71% month on month.

In the first six months, fixed asset investment in primary industry saw a 28.6% surge, hitting RMB 365.4 billion, while investments in secondary and tertiary industry grew 23.7% and 17.4% YoY to RMB 6.78 trillion and RMB 7.93 trillion, respectively, according to the latest statistics.

Investment in the industrial sector saw growth of 23.8% YoY to RMB 6.59 trillion in the period. The figure included RMB 501.4 billion in the mining sector, RMB 5.40 trillion in the manufacturing sector and RMB 686.4 billion in the electricity, gas and water producing and supplying sector, up 20.9%, 24.5% and 20.5% YoY, respectively.

Meanwhile, fixed asset investment in China's eastern, central and western regions all booked YoY increases to 19.3%, 25.3% and 23.9%, hitting RMB 7.32 trillion, RMB 4.05 trillion and RMB 3.62 trillion, respectively.

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