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China: Total Investment in Fixed Assets of the Country Kept Going up in the Third Quarter 2008
added: 2008-10-21

Total investment in fixed assets of the country stood at 11,624.6 billion yuan in the third quarter, a year-on-year rise of 27.0 percent. Of which, investment in fixed assets in urban and rural areas hit 9,987.1 and 1,637.5 billion yuan, climbing 27.6 and 23.3 percent respectively.

Among the urban investment in fixed assets (the same as follows), state-owned and state-holding enterprises invested 4,136.0 billion yuan, surging 21.8 percent; real estate development valued at 2,127.8 billion yuan, went up 26.5 percent.

In terms of jurisdiction of management, central investment stood at 985.6 billion yuan with a year-on-year growth of 27.2 percent; that of local investment totaled 9,001.5 billion yuan, jumping 27.7 percent.

In terms of different industry structures, investments of primary, secondary, and tertiary industry amounted to 152.7, 4,494.5 and 5,339.8 billion yuan, expanding 62.8, 30.2 and 24.8 percent respectively, year-on-year.

In terms of different sectors, investments of mining and washing of coal stood at 156.2 billion yuan, a year-on-year rise of 41.6 percent; that of production and supply of electricity and heat accounting for 613.3 billion yuan, climbing 14.7 percent; that of extraction of petroleum and natural gas grew to 171.7 billion yuan, increasing 39.4 percent; railway transport valued at 188.5 billion yuan, a year-on-year increase of 35.2 percent; that of manufacture of non-metallic mineral products arrived at 309.2 billion yuan, rose 48.2 percent; that of smelting and pressing of ferrous metals reached 270.6 billion yuan, growing 33.1 percent; and that of smelting and pressing of non-ferrous metals hit 174.6 billion yuan, with a rise of 45.7 percent.

In terms of registration status, investments of domestic funds enterprises stood at 8,941.1 billion yuan, surging 28.6 percent over that in the same period last year; that of enterprises with funds from Hong Kong, Macao and Taiwan valued at 446.4 billion yuan, rising 19.3 percent; and that of foreign funded enterprises standing at 545.8 billion yuan, a year-on-year growth of 17.4 percent.

In terms of buildings under and new constructions, the cumulative number of urban construction projects over 500,000 yuan was 288,326, a year-on-year increase of 29,243; that of total planned sum of investment in project under construction stood at 26,260.0 billion yuan, climbing 18.1 percent; that of number of project started this year valued at 190,683, increased 20,560; that of total planned investment of newly projects was 61,310 billion yuan, a rise of 1.7 percent.

In terms of volume of positioned funds, investment in urban areas hit 10,957.6 billion yuan, a year-on-year rise of 23.4 percent. Of which, the volume of positioned funds of domestic loans, foreign investment, and self-rising funds rose by 14.5, 6.8 and 33.4 percent respectively.


Source: National Bureau of Statistics of China

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