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Macroeconomic indicators - China fixed asset investment up by 26pct YoY in May

Steel News - Published on Mon, 20 Jun 2011

According to the National Bureau of Statistics, fixed asset investment in China rose 25.8%YoY to CNY 9.0255 trillion during the first five months. The rate of growth was up by 0.4 percentage point compared with the first four months.

Of the total, fixed asset investment by state-owned enterprises and its affiliates totalled CNY 3.15 trillion an increase of 14.9%. Fixed-asset investment rose 1.02% from April. Investment in central government projects rose 0.3% to CNY 567 billion while investment in local government projects increased 28% to CNY 8.46 trillion.

Investment by domestic enterprises rose 26.7% to CNY 8.37 trillion while investment by enterprises from Hong Kong, Macao and Taiwan increased 25.6% to CNY 305.3 billion. Foreign investment hit CNY 314.1 billion up by 15.7%.

Fixed-asset investment in the primary, secondary and tertiary industries during the first five months were up by 15.6%, 26.3% and 25.9% respectively. Investment in the oil and natural gas sector rose 2.2% to CNY 72.8 billion while investment in the railway industry climbed 18.3% to CNY 184.6 billion.

(Sourced from
Posted By : admin on Mon, 20 Jun 2011
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