China Fixed Asset Investment Up 25,4% in Jan-Apr
OREANDA-NEWS. May 16, 2011. China's total fixed asset investment surged 25.4% year on year to RMB 6.27 trillion in the first fourth months of this year, according to statistics released by the National Bureau of Statistics.
The growth rate was 0.4 percentage points more than that in the first three months. In the month of April, the country's fixed asset investment rose 1.73% from March.
Fixed asset investment in primary industry saw a 12.6% increase, while investment in secondary and investment in tertiary industry grew 24.6% and 26.5%, respectively, according to the latest statistics.
Fixed-asset investment in central government projects was RMB 412.3 billion during the period from January to April, up 2.6% year on year, and that in loca government projects jumped 27.4% year on year to RMB 5.86 trillion.
The country's fixed-assets investment in the railway transportation sector surged 26.9% year on year to RMB 141.5 billion, and that in the oil and natural gas extraction industry was RMB 49.1 billion, up 8.3% year on year. Fixed-asset investment of producers and suppliers of power and heat climbed 4.2% to RMB 228.7 billion in the first four months.
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