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China: Total Investment in Fixed Assets in Urban Areas from January to October Shot Up
added: 2008-11-17

From January to October, total investment in fixed assets in urban areas stood at 11,318.9 billion yuan, a rise of 27.2 percent, year-on-year. Of which, state-owned and state-holding enterprises invested 4,707.3 billion yuan, surging 21.3 percent; real estate development valued at 2391.8 billion yuan, up by 24.6 percent.

In terms of jurisdiction of management, central investment stood at 1136.5 billion yuan with growth rate of 28.7 percent as compared with previous year; that of local investment totaled 10,182.4 billion yuan, jumping 27.1 percent.

In terms of different industry structures, investments of primary, secondary, and tertiary industry amounted to 173.2, 5,075.9 and 6,069.8 billion yuan, expanding 61.8, 30.0 and 24.3 percent respectively, year-on-year.

In terms of different sectors, investments of mining and washing of coal stood at 177.3 billion yuan, a year-on-year rise of 41.0 percent; that of production and supply of electricity and heat accounting for 697.9 billion yuan, climbing 16.0 percent; that of extraction of petroleum and natural gas grew to 193.6 billion yuan, increasing 34.4 percent; that of railway transport valued at 222.2 billion yuan, a year-on-year increase of 39.8 percent; that of manufacture of non-metallic mineral products arrived at 353.7 billion yuan, rose 48.6 percent; that of smelting and pressing of ferrous metals reached 304.1 billion yuan, growing 31.4 percent; and that of smelting and pressing of non-ferrous metals hit 194.9 billion yuan, a rise of 43.0 percent, year-on-year.

In terms of registration status, investments of domestic funds enterprises stood at 10,136.5 billion yuan, surging 28.3 percent over that in the same period last year; that of enterprises with funds from Hong Kong, Macao and Taiwan valued at 503.8 billion yuan, rising 19.7 percent; and that of foreign funded enterprises standing at 615.9 billion yuan, up 17.2 percent, year-on-year.

In terms of buildings under and new constructions, the cumulative number of urban construction projects was 306,769, a year-on-year increase of 24,257; that of total planned sum of investment in project under construction stood at 275,175 billion yuan, climbing 19.2 percent; that of number of project started this year valued at 208,083, increased 16,997; that of total planned investment of newly projects was 6,880.7 billion yuan, a rise of 3.2 percent.

In terms of volume of positioned funds, investment in urban areas hit 122,459 billion yuan, a year-on-year rise of 22.3 percent. Of which, domestic loans, foreign investment, and self-rising funds rising 14.5, 5.8 and 33.2 percent respectively, year-on-year.


Source: National Bureau of Statistics of China

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