Trade Resources Industry Views Total Fixed Asset Investments in China Amounted to $4.2 Trillion

Total Fixed Asset Investments in China Amounted to $4.2 Trillion

 In the January-July period of the current year, total fixed asset investments (excluding rural households) in China amounted to RMB 25.9493 trillion ($4.2 trillion), up 17 percent year on year, as announced by China's National Bureau of Statistics (NBS) on August 13, with the year-on-year increase rate in question down 0.3 percentage points compared to that recorded in the January-June period this year.

In January-July this year, total fixed asset investment in China's mining sector amounted to RMB 712.9 billion ($115.36 billion), up 3.8 percent year on year, while fixed asset investment in China's manufacturing sector totaled RMB 8.86 trillion ($1.434 trillion), up 14.6 percent year on year, with these respective year-on-year increase rates down 0.7 percentage points and 0.2 percentage points compared to those recorded in the January-June period this year.

Source: http://www.steelorbis.com/steel-news/latest-news/chinas-fixed-asset-investments-up-17-percent-in-january_july-841637.htm
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China's Fixed Asset Investments up 17 Percent in January-July
Topics: Metallurgy