Economy

    China fixed asset investment up 25.6% in Q1

    (Xinhua)
    Updated: 2010-04-15 14:15
    Large Medium Small

    BEIJING - China's fixed asset investment continued to show strong growth in the first quarter of this year on the back of increased investment in the property market, bolstering the economic expansion of the world's fastest-developing nation.

    Fixed asset investment rose 25.6 percent year-on-year to 3.53 trillion yuan ($517 billion) in the first quarter of this year, the National Bureau of Statistics (NBS) said Thursday.

    The growth was "relatively fast" despite a decline of 3.2 percentage points from the same period last year, NBS spokesman Li Xiaochao said.

    Investment in the country's property market climbed 35.1 percent in the first quarter, 31 percentage points higher than the same period last year.

    Li attributed the investment surge in real estate to a low comparison base in the first quarter of last year.

    Investment growth in property was also boosted by domestic demand, Li said, citing the figures of a 35.8 percent rise in sales areas of property in the first quarter nationwide.

    Urban fixed asset investment climbed 26.4 percent from a year earlier from in the first quarter while that in rural areas increased 21 percent, according to the NBS.

    Wang Jian, secretary-general of the China Society of Macroeconomics, expects investment growth in fixed asset for this year will slow to 20 percent to 25 percent year-on-year as spending focuses on projects under construction.

    Related readings:
    China fixed asset investment up 25.6% in Q1 Q1 urban fixed-asset investment up 25.6%
    China fixed asset investment up 25.6% in Q1 Jan-Feb urban fixed-asset investment up 26.6%
    China fixed asset investment up 25.6% in Q1 China's urban fixed-asset investment up 32.1% in Jan-Nov
    China fixed asset investment up 25.6% in Q1 China urban fixed-asset investment up 33.1% in first 10 months

    Government-backed investment in fixed assets, which helped offset a slump in exports, worsened overcapacity in industrial sectors, he said.

    The government has vowed repeatedly to curb overcapacity and control lending to such sectors.

    Li Xiaochao said the government stimulus package that countered the fallout from the global economic downturn has given impetus to the country's economy and social investment.

    He expects steady and fast growth in overall investment this year as market-led investment is on the rise as government spending fades.

    日韩乱码人妻无码中文视频| 狠狠干中文字幕| 婷婷中文娱乐网开心| 久久男人Av资源网站无码软件| 中文无码不卡的岛国片| 国产精品亚洲аv无码播放| 在线看片福利无码网址| 无码精品日韩中文字幕| 日韩人妻无码精品无码中文字幕 | 无码毛片一区二区三区视频免费播放 | 人妻少妇偷人精品无码| 国产激情无码一区二区三区| 在线播放中文字幕 | 中文在线最新版天堂8| 精品无码久久久久久国产| 少妇人妻偷人精品无码视频| 无码乱码av天堂一区二区| 台湾佬中文娱乐网22| 2022中文字幕在线| 色婷婷综合久久久久中文一区二区 | 成人麻豆日韩在无码视频| 中文字幕视频免费| 超清无码无卡中文字幕| 亚洲日韩乱码中文无码蜜桃臀网站| 亚洲精品无码AV中文字幕电影网站| 国产成人无码免费网站| 97人妻无码一区二区精品免费| 免费无码一区二区三区| 十八禁无码免费网站| 无码成人一区二区| 免费A级毛片无码视频| 97久久精品无码一区二区天美| 黄A无码片内射无码视频| 潮喷无码正在播放| 无码精品人妻一区| 中文字幕人妻无码一夲道| 中文字幕无码不卡在线| 欧美日韩中文国产一区发布| 日韩亚洲欧美中文高清| 天堂网www中文天堂在线| 无码八A片人妻少妇久久|