China's fixed asset investment up 24.3% in 1st two months
Updated: 2008-03-14 13:33
China's fixed asset investment totaled 812.1 billion yuan ($114.4 billion) in the first two months, up 24.3 percent year on year, the National Bureau of Statistics (NBS) said on Friday.
The figure represented a slight acceleration, by 0.9 percentage points than that for 2007's same period.
Investment in the booming real estate sector grew 32.9 percent to 237.4 billion yuan, according to the NBS.
Investment in projects authorized by the central government rose by 14.9 percent and in local government-approved projects by 25.3 percent compared with the same period of last year.
Growth rate in the primary industry (farming, fishing, forestry and the like) remained the highest among industrial sectors, up by 77 percent. That compared with secondary and tertiary industries, which saw their investment expand 26.1 percent and 22.6 percent, respectively.
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