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China's fixed assets investment in the urban areas stood at 6.326 trillion yuan (US$791 billion) in the first eleven months of this year, up 27.8 percent year-on-year, according to a monthly report released Thursday by the National Bureau of Statistics (NBS).
The fixed assets investment in the urban areas for November alone increased by 29 percent over the same month last year.
According to the report, during the January-November period, the investment by the state-owned and other entities with State controlling shares reached 3.2067 trillion yuan, a rise of 12.5 percent year-on-year. Investment in real estate development for the period grew by 22.2 percent year on year to reach 1.324 trillion yuan.
The investment in primary, secondary and tertiary industries rose by 24.1 percent, 36.4 percent, and 22.1 percent respectively, the report says.
The report also reveals a 75.5 percent growth of investment in coal mining and dressing, which reached 90.8 billion yuan. Investment in such sectors as electricity, oil and transportation reached 610.5 billion yuan, 116.4 billion yuan and 84.3 billion yuan during this period, up 31.8 percent, 27.3 percent, and 38.3 percent, respectively, over the same period of 2004.
The planned investment in projects under construction rose 28.2 percent year-to-year to 16.5 trillion yuan while investment in newly-initiated projects reached 5.5 trillion yuan, up 28.1 percent over the corresponding period last year.
(Xinhua News Agency December 15, 2005)
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