Arab Today, arab today china\s fixed asset investment rises 254 in first four months
Last Updated : GMT 03:30:34
Arab Today, arab today
Arab Today, arab today

China\'s fixed asset investment rises 25.4% in first four months

Arab Today, arab today

Arab Today, arab today China\'s fixed asset investment rises 25.4% in first four months

BEIJING - Arabstoday

China\'s fixed asset investment rose 25.4% year on year in the first four months to reach 6.2716 trillion yuan (965.6 billion US dollars), the National Bureau of Statistics (NBS) announced Wednesday. Investment in April accelerated, pushing investment growth during the first four months 0.4% higher than that during the first quarter. In April alone, fixed asset investment rose 3.08% from March. During the first four months, investment in centrally-administered projects reached 412.3 billion yuan, up 2.6% , while those in local regions rose 27.4% to hit 5.8593 trillion yuan. Investment in the primary, secondary and tertiary industries rose 12.6%, 24.6% and 26.5%, respectively. Furthermore, investment in the nation\'s property sector rose 34.3% year on year to reach 1.334 trillion yuan, of which 949.7 billion yuan went into residential housing, an increase of 38.6% on the same period last year.  

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