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China's fixed asset investment up 20.7% in Jan-Oct

Nov. 12, 2012 (China Knowledge) - China's urban fixed asset investment surged 20.7% YoY to RMB 29.25 trillion in the first ten months of this year, according to statistics released by the National Bureau of Statistics.

The growth rate was 0.2 percentage points higher than that in the first nine months.  
Last month, the country's urban fixed-asset investment rose 1.94% YoY.

During the period from January to October, fixed asset investment in primary industry saw a 32.3% increase, hitting RMB 747.3 billion, while investment in secondary and investment tertiary industry grew 21.9% and 20.1% YoY to RMB 12.88 trillion and RMB 15.63 trillion, respectively, according to the latest statistics.

Investment in the industrial sector jumped 21.9% YoY to RMB 12.54 trillion during the ten-month period. The figure included RMB 1.01 trillion in the mining sector, RMB 10.19 trillion in the manufacturing sector and RMB 1.34 trillion in the electricity, gas and water producing and supplying sector, up 14.7%, 23.1% and 18.6% YoY, respectively.

In the first ten months of this year, fixed asset investment in China's eastern, central and western regions booked a YoY increases of 18.2%, 26% and 24.2% to RMB 13.78 trillion, RMB 8.16 trillion and RMB 7.04 trillion , respectively.

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