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China: Total Investment in Fixed Assets Kept Surging in from January to August
added: 2008-09-12

From January to August, total investment in fixed assets in urban areas stood at 8,492.0 billion yuan, a rise of 27.4 percent, year-on-year. Of which, state-owned and state-holding enterprises invested 3,484.0 billion yuan, surging 21.1 percent; real estate development valued at 1,843.0 billion yuan, up 29.1 percent.

In terms of jurisdiction of management, central investment stood at 821.7 billion yuan with growth rate of 27.7 percent as compared with previous year; that of local investment totaled 7,670.2 billion yuan, jumping 27.4 percent.

In terms of different industry structures, investments of primary, secondary, and tertiary industry amounted to 128.0, 3814.4 and 4549.6 billion yuan, expanding 63.5, 28.8 and 25.5 percent respectively, year-on-year.

In terms of different sectors, investments of mining and washing of coal stood at 126.4 billion yuan, a year-on-year rise of 39.2 percent; that of production and supply of electricity and heat accounting for 507.6 billion yuan, climbing 10.2 percent; that of extraction of petroleum and natural gas grew to 144.2 billion yuan, increasing 33.4 percent; that of railway transport valued at 152.7 billion yuan, a year-on-year increase of 27.9 percent; that of manufacture of non-metallic mineral products arrived at 263.9 billion yuan, rose 47.3 percent; that of smelting and pressing of ferrous metals reached 228.2 billion yuan, growing 30.6 percent; and that of smelting and pressing of non-ferrous metals hit 146.9 billion yuan, a rise of 42.9 percent, year-on-year.

In terms of registration status, investments of domestic funds enterprises stood at 7,587.2 billion yuan, surging 28.4 percent over that in the same period last year; that of enterprises with funds from Hong Kong, Macao and Taiwan valued at 387.5 billion yuan, rising 20.2 percent; and that of foreign funded enterprises standing at 471.9 billion yuan, up 18.7 percent, year-on-year.

In terms of buildings under and new constructions, by the end of August, the cumulative number of urban construction projects over 500,000 yuan was 261008, a year-on-year increase of 24008; that of total planned sum of investment in project under construction stood at 24,944.6 billion yuan, climbing 17.7 percent; that of number of project started this year valued at 165683, increased 15932; that of total planned investment of newly projects was 5,322.9 billion yuan, a rise of 2.5 percent.

In terms of volume of positioned funds, investment in urban areas hit 9,491.8 billion yuan, a year-on-year rise of 23.6 percent. Of which, domestic loans, foreign investment, and self-rising funds rising 14.8, 6.0 and 32.6 percent respectively, year-on-year.


Source: National Bureau of Statistics of China

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