Statistics

China's Jan-Sept fixed asset investment grows slower

(Xinhua)
Updated: 2010-10-21 16:46

BEIJING - The growth of China's fixed assets investment during the first nine months shows signs of slowing, according to figures released by China's statistics authority Thursday.

The country's total fixed assets investment rose 24 percent for the January-September period year on year to 19.22 trillion yuan ($2.89 trillion), the National Bureau of Statistics (NBS) said in a statement published on its website.

Urban fixed assets investment grew 24.5 percent from a year earlier to 16.59 trillion yuan, while rural investment increased by 20.5 percent to 2.64 trillion yuan, said the NBS.

The growth rate for urban investment slowed by 0.3 percentage points from that of the first eight months, said the NBS, who does not provide figures for each month.

Related readings:  China's fixed-asset investment up 24%  China fixed-asset investment up 24.8% in first 8 months  Investors eye real estate market  Investment in real estate up 38.1% in H1

Growth rates in urban investment were down from figures for the first eight months, with the primary sector rate down from 18.6 percent to 17.7 percent, the secondary sector from 22.2 percent to 22 percent and tertiary industries from 27 percent to 26.7 percent.

The NBS figures also showed property development investment grew 36.4 percent to 3.35 trillion yuan from January to September, 0.3 percentage points down from the figure for the first eight months.

State-owned and state-controlled investment rose 19.5 percent to 6.86 trillion yuan in the first nine months from a year earlier, down by 0.5 percent points from the January-August period.

Over the same period, investment in central government projects rose 10.1 percent year on year to 1.29 trillion yuan, and investment in local government projects was up 25.9 percent to 15.3 trillion yuan, lower than 11.4 percent and 26.1 percent for the first eight months, the NBS said.