SteelOrbis Shanghai
In the Jan-Nov period,
China's urban fixed assets investment was RMB 7.9312 trillion ($1.0155 trillion), up 26.6 percent year on year. This growth rate was 0.2 percent lower than that for the January-October period.
Broken down into the various industrial sectors, investment in coal mining and dressing was RMB 117 billion ($15 billion), up 28.9 percent year on year; investment in electricity power and heat generation and supply was RMB 620.2 billion ($79.4 billion), up 13.5 percent; the investment figure for petroleum and natural gas exploration was RMB 150.2 billion ($19.2 billion), up 29.1 percent; that for railway transportation was RMB 172.8 billion ($22.1 billion), up 105.1 percent; investment in non-metal minerals mining and processing was RMB 176.6 billion ($22.6 billion), up 36.3 percent; that for ferrous metals mining and processing was RMB 226.4 billion ($29 billion), up 4.0 percent; finally, investment in non-ferrous metals mining and processing was RMB 108.3 billion ($13.9 billion), up 35.0 percent.
Influenced by macro-control measures, the excessive growth in
China's fixed assets investment has been relieved. This year, the Chinese government boosted
construction in railway transportation, leading to fast growth in investment in the sector. Meanwhile, investment in the steel industry continued to circle at a low level, but with some increase in growth.