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

Dec. 10, 2012 (China Knowledge) - China's urban fixed asset investment surged 20.7% YoY to RMB 32.62 trillion in the first eleven months of this year, according to statistics released by the National Bureau of Statistics.
Last month, the country's urban fixed-asset investment rose 1.26% YoY.

During the period from January to November, fixed asset investment in primary industry saw a 30.5% increase, hitting RMB 815.3 billion, while investment in secondary and tertiary industry grew 21.1% and 20.4% YoY to RMB 14.3 trillion and RMB 17.51 trillion, respectively, according to the latest statistics.

Investment in the industrial sector jumped 21.1% YoY to RMB 13.93 trillion during the eleven-month period. The figure included RMB 1.12 trillion in the mining sector, RMB 11.32 trillion in the manufacturing sector and RMB 1.49 trillion in the electricity, gas and water producing and supplying sector, up 12.2%, 22.8% and 16.2% YoY, respectively.

In the first eleven months of this year, fixed asset investment in China's eastern, central and western regions booked a YoY increases of 18%, 26.2% and 24.2% to RMB 15.32 trillion, RMB 9.15 trillion and RMB 7.84 trillion , respectively.

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