China 10 mths urban fixed-asset investment up 29.5 pct yr-on-yr - NBS -
Wednesday, November 17, 2004 2:55:23 AM
afxpress.com
BEIJING (AFX) - China's urban fixed-asset investment in the first 10 months rose 29.5 pct year-on-year to 4.36 trln yuan, continuing a moderate slowdown in investment growth, the National Bureau of Statistics said in a statement. The growth rate is 0.4 percentage points lower than in the first nine months of the year and 0.8 percentage points lower than in the first eight months, the NBS said
[slowdown??? How the H can they possibly call this a slowdown? mish]
Fixed-asset investment rose 26.4 pct year-on-year in October, 1.5 percentage points lower than the growth rate in September
Real estate investment increased 28.9 pct year-on-year to 952.6 bln yuan in the first 10 mths, 0.6 percentage points higher than the growth rate in the first nine months
Investment by state-owned firms was up 26 pct on a yearly basis at 2.54 trln yuan over the same period
Residential housing investment reached 806.5 bln yuan in the first 10 months, up 26.6 pct year-on-year
Investment in non-metal mineral extraction and processing rose 47.7 pct year-on-year to 91.3 bln yuan, 2.4 percentage points lower than the growth rate for the first nine months of this year, while ferrous metal extraction and processing investment was up 40.5 pct at 155.6 bln yuan, 0.1 percentage points higher than the Jan-Sept period
Investment in electricity, gas and water production and supply was at 403.3 bln yuan for the 10 mths to October, up 48.5 pct year-on-year, and 0.3 percentage points higher than the first nine months
Oil processing and coking investment rose 116.4 pct on a yearly basis to 48.9 bln yuan, 6.9 percentage points lower than the growth rate for the nine months to September
Meanwhile, China's booming eastern provinces saw investment reach 2.43 trln yuan, up 27.7 pct year-on-year
Investment in central China rose 32.2 pct on yearly basis to 906.1 bln yuan, while western China saw investment rise 33.9 pct to 931.7 bln yuan
New projects started in urban areas during the first 10 mths rose by 8,154 to 120,138 |
