Trade Resources Economy Total Fixed Asset Investments in China Amounted to RMB 30.5786 Trillion

Total Fixed Asset Investments in China Amounted to RMB 30.5786 Trillion

In the January-August period of the current year, total fixed asset investments (excluding rural households) in China amounted to RMB 30.5786 trillion ($4.96 trillion), up 16.5 percent year on year, as announced by China's National Bureau of Statistics (NBS) on September 13, with the year-on-year increase rate in question down 0.5 percentage points compared to that recorded in the January-July period this year.

In January-August this year, total fixed asset investment in China's mining sector amounted to RMB 866 billion ($140.58 billion), up 3.9 percent year on year, while fixed asset investment in China's manufacturing sector totaled RMB 10.4026 trillion ($1.689 trillion), up 14.1 percent year on year, with these respective year-on-year increase rates up 0.1 percentage point and down 0.5 percentage points compared to those recorded in the January-July period this year.

Source: http://www.steelorbis.com/steel-news/latest-news/chinas-fixed-asset-investments-up-165-percent-in-january_august-845791.htm
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China's Fixed Asset Investments up 16.5 Percent in January-August
Topics: Metallurgy