Statistics

China's fixed asset investment up 25.4% in first four months: NBS

(Xinhua)
Updated: 2011-05-11 10:21

BEIJING -- China's fixed asset investment rose 25.4 percent year on year in the first four months to reach 6.2716 trillion yuan ($965.6 billion), the National Bureau of Statistics (NBS) announced Wednesday.

Related readings:  China's April CPI up 5.3%, PPI up 6.8%  Retail sales up 17.1%  Industrial output up 13.4%  Trade surplus?hits $11b

Investment in April accelerated, pushing investment growth during the first four months 0.4 percentage points higher than that during the first quarter.

In April alone, fixed asset investment rose 3.08 percent from March.

During the first four months, investment in centrally-administered projects reached 412.3 billion yuan, up 2.6 percent, while those in local regions rose 27.4 percent to hit 5.8593 trillion yuan.

Investment in the primary, secondary and tertiary industries rose 12.6 percent, 24.6 percent and 26.5 percent, respectively.

Furthermore, investment in the nation's property sector rose 34.3 percent year-on-year to reach 1.334 trillion yuan -- of which 949.7 billion yuan went into residential housing, an increase of 38.6 percent on the same period last year.