china\s fixedasset investment slows
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

China's fixed-asset investment slows

Arab Today, arab today

Arab Today, arab today China's fixed-asset investment slows

Beinjing - Xinhua

China's urban fixed asset investment climbed 21.5 percent to 2.1189 trillion yuan (336 billion U.S. dollars) in the first two months of 2012 from a year earlier, the National Bureau of Statistics (NBS) said Friday. The growth rate, down 2.3 percentage points year-on-year, dropped to its lowest level since 17.4 percent in 2002, the official data showed. During the Jan.-Feb. period, investment in the primary industry jumped 43.9 percent year-on-year to reach 30.4 billion yuan. Investment in the secondary industry totaled 893.9 billion yuan, up 24.9 percent, while that in the tertiary industry expanded 18.5 percent to 1.1946 trillion yuan. Investment in the country's central regions grew fastest by 28.4 percent, followed by 28 percent in the western regions. The more developed eastern regions registered an 18.8-percent increase in investment to hit 1.1619 trillion yuan, roughly 2.5 times the central region's total. The data also showed the central government's investment slid 7.9 percent from a year earlier, while that of local governments expanded by 24 percent. Spending on railway projects shrank a sharp 44 percent to 32.6 billion yuan, dragging down the overall investment growth. Meanwhile, investment in property development jumped 27.8 percent to 543.1 billion yuan. Money spent in building residential housing rose 23.2 percent, slowing from 30.2 percent last year, in line with sagging sales and falling property prices, as the government continued policy tightening. The slowing investment data came after China lowered its GDP growth target in 2012 to a seven-year low of 7.5 percent earlier this week. Investment, consumption and exports have been main growth engines for the world's second largest economy. Fixed asset investment made up the lion's share of China's economic growth last year. But the country wants to reorient its economy toward domestic consumption.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

china\s fixedasset investment slows china\s fixedasset investment slows

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

china\s fixedasset investment slows china\s fixedasset investment slows

 



GMT 12:48 2016 Sunday ,27 November

Cilic, Dodig push Croatia to brink of Davis Cup

GMT 05:24 2017 Thursday ,28 December

Erdogan says 'terrorist' Assad cannot be part of Syria

GMT 12:59 2016 Saturday ,05 November

WB welcomes economic reforms in Egypt

GMT 18:40 2016 Saturday ,05 November

Egyptian GDRs in London down

GMT 10:57 2017 Wednesday ,06 December

Peru striker Guerrero has doping ban extended

GMT 17:51 2017 Tuesday ,07 March

Trump Signs New Travel Ban on Six Muslim Countries

GMT 10:30 2017 Wednesday ,06 September

Saudi Information Ministry praises media role during Hajj

GMT 15:29 2017 Tuesday ,24 January

Mind games really do help your brain

GMT 06:55 2015 Thursday ,01 October

Boston Red Sox beat Yankees

GMT 08:17 2017 Monday ,28 August

Bahrain celebrates World Humanitarian Day 2017

GMT 02:07 2017 Tuesday ,28 February

Opposition seeks Russian support at Syria talks
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday