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China's urban fixed asset inv't up 20.4% in Jan-Jul

Aug. 13, 2012 (China Knowledge) - China's urban fixed asset investment jumped 20.4% YoY to RMB 18.43 trillion in the first seven months of this year, according to statistics released by the National Bureau of Statistics.

In July, the country's fixed asset investment rose 1.42% month on month.

In the first seven months, fixed asset investment in primary industry saw a 28.8% surge, hitting RMB 455 billion, while investment in secondary and investment in tertiary industry grew 23.4% and 17.7% YoY to RMB 8.29 trillion and RMB 9.69 trillion, respectively, according to the latest statistics.

Investment in the industrial sector saw of growth of 23.7% YoY to RMB 8.06 trillion in the period. The figure included RMB 623.9 billion in the mining sector, RMB 6.61 trillion in the manufacturing sector and RMB 831.6 billion in the electricity, gas and water producing and supplying sector, up 18.8%, 24.9% and 18.6% YoY, respectively.

Meanwhile, fixed asset investment in China's eastern, central and western regions all booked YoY increases of 19.2%, 25% and 24.2%, hitting RMB 8.89 trillion, RMB 5 trillion and RMB 4.42 trillion, respectively.

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