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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (5627)	12/15/2005 9:18:06 PM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

China's fixed asset investment up 27.8 percent 2005/12/16 BEIJING, AFP China's energy demands drove urban fixed asset investments up 27.8 percent year-on-year in the first 11 months of 2005 for a total of 6.33 trillion yuan (US$781 billion), official data showed Thursday. Urban fixed asset investments, a key driver of economic growth, for November were up 29.0 percent year-on-year in November, the National Bureau of Statistics said, without giving any more monthly figures. The rise of 27.8 percent in the first 11 months of the year was slightly up from a growth rate of 27.6 percent in the 10 months to October, and 25.4 percent in the first half of 2005. With China striving for fuel to drive its fast-growing economy, investment in the coal sector surged 75.5 percent year-on-year to 90.8 billion yuan in the first 11 months of the year. Investment for the 11 months rose 27.3 percent to 116.4 billion yuan in the oil and natural gas industry, the bureau said. In the power and heating production and supply sectors, investment was up 31.8 percent at 610.5 billion yuan. The property sector, which was up 22.2 percent year-on-year to 1.32 trillion yuan in the first 11 months of 2005, was another key driver of fixed asset investments, according to the bureau. Investment in the non-ferrous metal mining and processing sector rose 26.8 percent to 129.6 billion yuan. In the first eleven months, fixed-asset investment from Hong Kong, Macau and Taiwan was up 19.4 percent at 316.6 billion yuan. In March, the government targeted a 16-percent annual growth in fixed-asset investment for 2005 after setting a similar target in 2004, but investment has continued unabated and makes up around 50 percent of China's annual GDP. chinapost.com.tw