China's fixed assets investment in the first three quarters of 2005 reached 5.7 trillion yuan, an increase of 26.1 percent over the same period last year, according to a monthly National Bureau of Statistics report released today.
It said fixed assets investment in urban areas amounted to 4.8741 trillion yuan from January to September, up 27.7 percent, while that in rural areas was 832 billion yuan, a 17.6 percent year-on-year rise.
Investment in real estate development in the period grew 22.2 percent year-on-year to reach 1.03 trillion yuan.
Meanwhile, investment in the sectors of coal, electricity, oil and transportation reached 64.8 billion, 420.1 billion, 90.8 billion and 62.9 billion yuan during the first three quarters, up 76.8, 35.7, 31.3 and 41.1 percent respectively on the same period of 2004.
Chinese enterprises' fixed assets investment rose 28.4 percent year-on-year to 4.2449 trillion yuan, those of foreign funded enterprises came to 322.4 billion yuan, up 24.8 percent, while those of Hong Kong, Macao and Taiwan funded enterprises saw a year-on-year increase of 21.9 percent to 247.7 billion yuan.
(Xinhua News Agency October 25, 2005)
