Statistics

China fixed-asset investment up 24.8% in first eight months

(Xinhua)
Updated: 2010-09-11 10:30

 August macro economy statistics

BEIJING - China's fixed assets investment reached 14.1 trillion yuan ($2.1 billion) in the first eight months this year, a year-on-year increase of 24.8 percent, according to a report released here by the National Bureau of Statistics Saturday.

The growth rate was 0.1 percentage points lower from that for the first seven months.

State-owned and state-controlled investment rose by 20.0 percent to 5.85 trillion yuan.

Property market investment grew 36.7 percent to 2.84 trillion yuan in the first eight months.

Investment in central government projects gained 11.4 percent to hit 1.12 trillion yuan, and investment in local government projects gained 26.1 percent to 12.98 trillion yuan in the first eight months year-on-year.

Foreign investment climbed 2.5 percent to 488.7 billion yuan in the first eight months from a year earlier. Investment from Hong Kong, Macao and Taiwan was up 15.8 percent to 445.4 billion yuan. Domestic enterprise investment rose 26.3 percent to 13.11 trillion yuan.