China's urban fixed assets investment for the January-February period of 2009 totaled RMB 1.0276 trillion ($150.5 billion), up 26.5 percent compared with the same period last year. Investment in real estate development totaled RMB 239.8 billion ($35.1 billion), up 1.0 percent year on year.
Broken down into the various industrial sectors, investment in coal mining and dressing increased 59.6 percent year on year to RMB 8.4 billion ($1.2 billion); electricity and heat power supply industry investment increased 20.6 percent to RMB 63.1 billion ($9.2 billion); oil and gas exploration investment declined 13.8 percent to RMB 10.6 billion ($1.6 billion); investment in railway transportation went up 210.1 percent to RMB 34.3 billion ($5.0 billion); investment in non-metal minerals mining and processing increased 58.7 percent to RMB 28.4 billion ($4.2 billion); investment in ferrous metals mining and processing saw a rise of 4.9 percent to RMB 21.6 billion ($3.2 billion); and, finally, investment in non-ferrous metals mining and processing increased 47.2 percent to RMB 13.1 billion ($1.9 billion).
By the end of February there were 78,696 urban projects under construction, up by 11,306 projects year on year; the total investment in these projects was RMB 16.3546 trillion ($2.3945 trillion), up 25.4 percent year on year. Meanwhile, newly launched projects stood at 18,533, up 4,056 year on year; a total investment of RMB 743.7 billion ($108.9 billion) is scheduled for the projects in question, up 87.5 percent compared with the same period last year.