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China's fixed-asset investment up 23.8% in 2010

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China's investment expansion in fixed assets slowed down in 2010, the National Bureau of Statistics (NBS) said at a press conference Thursday

Ma Jiantang, chief of NBS, told a press conference that the country's fixed-asset investment rose 23.8 percent year on year to 27.814 trillion yuan (4.22 trillion U.S. dollars) in 2010, down 6.2 percentage points from the growth in 2009.

After deducting the factor of prices, the country's fixed-asset investment for the year 2010 was up 19.5 percent year on year in real terms, Ma said.

The country's investment in real estate development in the past year rose 33.2 percent year on year to 4.8267 trillion yuan, according to NBS.

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