China's fixed asset investment up 24.5% in first 11 months
Updated: 2011-12-09 14:09
(Xinhua)
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The growth rate was down 0.4 percentage points compared to that in the first ten months, the figures showed.
Urban fixed asset investment last month registered a slower pace compared to some other months of the year. It was down 0.19 percent from October.
During the first 11 months, investment in the primary industry amounted to 625.6 billion yuan, up 28.8 percent; that in the secondary industry totaled 11.8054 trillion yuan, up 27 percent; investment in the tertiary industry rose 22.4 percent to hit 14.5142 trillion yuan.
Investment in the nation's western regions grew fastest by 29.2 percent, followed by 28.9 percent in the central regions, and 21.7 percent in the eastern regions.
Investment in the nation's property sector rose 29.9 percent year-on-year to reach 5.55 trillion yuan in the January-November period, of which 3.99 trillion yuan went into residential housing, an increase of 32.8 percent from the same period last year.
The investment growth rate in the property sector in the period was down 1.2 percentage points compared to that in the first 10 months, a slowdown in line with the current falling housing prices and sales.
