www.xinhuanet.com
XINHUA online
CHINA VIEW
VIEW CHINA
 Breaking News Malaysian PM to visit China    Cargo plane crashes in Urumqi    Urgent: Blair rules out troops' "quick exit" from Iraq    Urgent: US says bombing will not deter handover of power in Iraq    Russian hostages released in Iraq     Taiwan rejected to participate in World Health Assembly as observer    
Home  
China  
World  
Business  
Technology  
Opinion  
Culture/Edu  
Sports  
Entertainment  
Metrolife  
Travel  
Weather  
  About China
  Map
  History
  Constitution
  CPC & Other Parties
  State Organs
  Local Leadership
  White Papers
  Statistics
  Major Projects
  English Websites
  BizChina
- Conferences & Exhibitions
- Investment
- Bidding
- Enterprises
- Policy update
- Technological & Economic Development Zones

   News Photos Voice People BizChina Feature About us   
Fixed asset investment up 42.8% Jan-April
www.chinaview.cn 2004-05-18 23:45:08

    BEIJING, May 18 (Xinhuanet) -- China's fixed asset investment in the first four months rose 42.8 percent from a year earlier to 1.1 trillion yuan (about 133 billion US dollars), according to statistics released by the National Bureau of Statistics (NBS) on Tuesday.

    The growth rate was five percentage points lower than in the first three months, the NBS said.

    In the first four months, China's fixed asset investment was still growing at a high speed, with many newly-started projects in the country, according to the NBS.

    However, China's macroeconomic control measures have shown impact, as seen from the slowing-down of the fixed asset investment growth rate, especially in the real estate sector, the NBS said.

    All major industrial sectors, excluding petrol processing industries, reported a falling trend in their investment growth rate in the period.

    Although the number of the newly-started projects was still growing, it was put under control in April.

    In the first four months, urban construction projects grew 26.7percent year-on-year, with newly-started ones growing 30.5 percent.However, newly-started projects only grew 5.9 percent in April.

    Meanwhile, the investment in the real estate sector rose 34.6 percent in the first four months from a year earlier, with the growth rate in April slowing down to 22.8 percent.

    Statistics show that in April alone, China's fixed asset investment rose 34.7 percent year-on-year to 398.9 billion yuan (48 billion dollars), 8.8 percentage points lower than in March. Enditem

  Related Story
Copyright ©2003 Xinhua News Agency. All rights reserved.
Reproduction in whole or in part without permission is prohibited.