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Shanghai's fixed asset investment up 4% in Jan-Nov

Dec. 18, 2012 (China Knowledge) - Shanghai's fixed asset investment increased 4% YoY to RMB 452.59 billion in the first eleven months of this year, according to statistics released by the Shanghai Statistics Bureau.
The growth rate was 0.8 percentage points lower than in the first ten months of this year.

During the period from January to November, fixed asset investment in the city's primary industry saw a 37.6% decrease, hitting RMB 840 million, while investment in secondary and tertiary industry dropped 1.6% and rose 6.1% YoY to RMB 109.71 billion and RMB 342.04 billion, respectively.

Meanwhile, investment in the industrial sector decreased 0.7% YoY to RMB 109.65 billion during the eleven-month period, while the investment in the real estate development sector grew 7.7% YoY to RMB 215.01 billion.

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