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Urban fixed asset investment up 25.7%
(Xinhua)
Updated: 2005-05-19 13:57

China's National Bureau of Statistics Thursday said the fixed asset investment in China's urban areas went up by 25.7 percent year-on-year in the first four months this year.

According to statistics of the bureau, the fixed asset investment made in urban projects each involved an investment of more than 500,000 yuan (US$60,241) exceeded 1.403 trillion yuan (US$169.03 billion) in the January-April period, of which 707 billion yuan went to the State-owned sector, up by 9 percent.

The fixed asset investment in residential housing totaled 263.4 billion yuan, up 22.3 percent; and that in real estate development projects amounted to 340.5 billion yuan, up 25.9 percent.

When categorized by industries, the primary industry accounted for 10.8 billion yuan, up 32.9 percent year-on-year; the secondary industry made up 589.8 billion yuan, up 30.3 percent; and the tertiary industry had 801.8 billion yuan, up 23.1 percent.

The fixed asset investment grew by 69.4 percent to 12.7 billion yuan for the coal mining and dressing industry; by 78.1 percent to 18.7 billion yuan for railway construction; by 30.3 percent to 30 billion yuan for oil and natural gas development; by 24.1 percent to 13.7 billion yuan for oil refining, cooking and nuke fuel processing; and by 38.1 percent to 145.6 billion yuan for the production and supply of electricity, cooking gas and water.

Of the total fixed asset investment materialized in the four months, mainland enterprises accounted for 1.197 trillion yuan, up 25.8 percent; enterprises with Hong Kong, Macao SARs and Taiwan Province capital made up 79.8 billion yuan, up 15.9 percent; and foreign-invested companies accounted for 109.5 billion yuan, up 32.3 percent.

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