China’s fixed asset investments up 20.4 percent in Jan-May

Thursday, 13 June 2013 17:04:03 (GMT+3)   |   Shanghai

In the January-May period of this year, China's total fixed asset investment (excluding rural households) amounted to RMB 13.1211 trillion ($2.1 trillion), up 20.4 percent year on year, with the year-on-year growth rate in question down 0.2 percentage point compared to the same period of last year, according to China's National Bureau of Statistics.

In May alone, China's total fixed asset investment (excluding rural households) was up 1.43 percent month on month.

Meanwhile, in the first five months of this year fixed asset investment in China's industrial sector was RMB 5.5702 trillion ($904 billion), up 16.4 percent year on year. In particular, fixed asset investment in China's mining sector in the given period was RMB 374 billion ($61 billion), up 7.1 percent year on year, while fixed asset investment in China's manufacturing sector totaled RMB 4.646 trillion ($754 billion), up 17.8 percent year on year.

In the January-May period, fixed asset investment in China's ferrous metal mining sector was RMB 43.3 billion ($7 billion), up 0.5 percent year on year, while fixed asset investment in China's ferrous metal smelting and processing sector totaled RMB 167.9 billion ($27 billion), up 4.1 percent year on year.


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