Oct. 18, 2012 (China Knowledge) - China's urban fixed asset investment surged 20.5% YoY to RMB 25.69 trillion in the first nine months of this year, according to statistics released by the National Bureau of Statistics
The growth rate was 0.3 percentage points higher than that in the first eight months.
Last month, the country's urban fixed-asset investment rose 1.63% YoY.
During the period from January to September, fixed asset investment in primary industry saw a 32.2% increase, hitting RMB 654.5 billion, while investment in secondary and investment tertiary industry grew 22.4% and 19.4% YoY to RMB 11.37 trillion and RMB 13.67 trillion, respectively, according to the latest statistics.
Investment in the industrial sector jumped 22.5% YoY to RMB 11.07 trillion during the nine-month period. The figure included RMB 885.5 billion in the mining sector, RMB 9.01 trillion in the manufacturing sector and RMB 1.18 trillion in the electricity, gas and water producing and supplying sector, up 17.4%, 23.5% and 19.1% YoY, respectively.
In the first nine months of this year, fixed asset investment in China's eastern, central and western regions booked a YoY increases of 18.4%, 25.8% and 24.1% to RMB 12.18 trillion, RMB 7.15 trillion and RMB 6.17 trillion , respectively.