China's fixed asset investment rises 19.6%

China's urban fixed asset investment in 2013 increased 19.6 percent year-on-year to 43.65 trillion yuan ($7.08 trillion), the National Bureau of Statistics said on Monday.

In December, the urban fixed asset investment rose 1.41 percent from the previous month, the bureau said.

In 2013, investment from the private sector surged 23.1 percent year-on-year to 27.48 trillion yuan, accounting for 63 percent of total fixed asset investment. In 2013, investment in primary industry was 924.1 billion yuan, up 32.5 percent year-on-year, while investment in secondary industry reached 18.48 trillion yuan, up 17.4 percent year-on-year. Investment in tertiary industries expanded 21 percent year-on-year to 24.25 trillion yuan, according to the bureau.

Investment in China's western region jumped 23.1 percent year-on-year, followed by 22.8 percent in the central region and 17.9 percent in the east.

In 2013, China's property sector attracted 8.6 trillion yuan of investment, up 19.8 percent year-on-year. Residential housing investment increased 19.4 percent year-on-year. Sales of commodity housing rose 17.3 percent year-on-year, according to the bureau.