Trade Resources Industry Views The Investment of China's Fixed Asset Increases by 20.1 Percent in Jan-July

The Investment of China's Fixed Asset Increases by 20.1 Percent in Jan-July

Tags: Fixed Asset

In the January-July period of this year, China's total fixed asset investment (excluding rural households) amounted to RMB 22.1722 trillion ($3.6 trillion), up 20.1 percent year on year, the same as the year-on-year growth recorded in January-June this year, according to China's National Bureau of Statistics on August 9. In July alone, China's total fixed asset investment (excluding rural households) was up 1.58 percent month on month.

Meanwhile, in the first seven months of the current year fixed asset investment in China's industrial sector totaled RMB 9.3926 trillion ($1.5 trillion), up 16.6 percent year on year. In particular, fixed asset investment in China's mining sector in the given period was RMB 686.8 billion ($112 billion), up 9.8 percent year on year, while fixed asset investment in China's manufacturing sector totaled RMB 7.7281 trillion ($1.3 trillion), up 17.1 percent year on year.

Source: http://www.steelorbis.com/steel-news/latest-news/chinas-fixed-asset-investment-up-201-percent-in-jan_july-775981.htm
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China's Fixed Asset Investment up 20.1 Percent in Jan-July
Topics: Metallurgy