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China's urban fixed asset inv't up 20.2% in Jan-Aug

Sep. 10, 2012 (China Knowledge) - China's urban fixed asset investment jumped 20.2% YoY to RMB 21.80 trillion in the first eight months of this year, according to statistics released by the National Bureau of Statistics.

In August, the country's fixed asset investment rose 1.33% month on month.

In the first eight months, fixed asset investment in primary industry saw faster increase of 31.5% YoY, hitting RMB 549.1 billion, while investment in secondary and investment in tertiary industry grew 22.6% and 17.8% YoY to RMB 9.75 trillion and RMB 11.50 trillion, respectively, according to the latest statistics.

Investment in the industrial sector saw of slower growth of 23% YoY to RMB 9.49 trillion in the period. The figure included RMB 757.7 billion in the mining sector, RMB 7.73 trillion in the manufacturing sector and RMB 993.6 billion in the electricity, gas and water producing and supplying sector, up 18.6%, 23.9% and 19.2% YoY, respectively.

Meanwhile, fixed asset investment in China's eastern, central and western regions all booked YoY increases of 18.6%, 25.3% and 23.8%, hitting RMB 10.40 trillion, RMB 6.01 trillion and RMB 5.24 trillion, respectively.

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