Trade Resources Industry Views China's Total Fixed Asset Amounted to RMB 35.1669 Trillion in Jan-Oct

China's Total Fixed Asset Amounted to RMB 35.1669 Trillion in Jan-Oct

In the January-October period of this year, China's total fixed asset investments (excluding rural households) amounted to RMB 35.1669 trillion ($5.77 trillion), up 20.1 percent year on year, with this growth rate down 0.1 percentage point compared to the year-on-year increase rate recorded in January-September, as announced by China's National Bureau of Statistics on November 9. In October alone, China's total fixed asset investments (excluding rural households) was up 1.43 percent month on month.

Meanwhile, in the first 10 months of the current year fixed asset investments in China's industrial sector totaled RMB 14.8356 trillion ($2.43 trillion), up 18.3 percent year on year. In particular, total fixed asset investment in China's mining sector in the given period amounted to RMB 1.1298 trillion ($0.19 trillion), up 12.3 percent year on year, while fixed asset investment in China's manufacturing sector totaled RMB 12.1308 trillion ($1.99 trillion), up 19.1 percent year on year.

Source: http://www.steelorbis.com/steel-news/latest-news/chinas-fixed-asset-investments-up-201-percent-in-jan_oct-794281.htm
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China's Fixed Asset Investments up 20.1 Percent in Jan-Oct
Topics: Metallurgy