SteelOrbis Shanghai
China's urban fixed assets investment for the January-October period totaled RMB 11.3189 trillion ($1.6597 trillion), up 27.2 percent compared with the same period last year. This growth was 0.2 of a percentage point higher than that for the first nine months of the current year.
Broken down into the various industrial sectors, investment in coal mining and dressing increased 41.0 percent year on year to RMB 177.3 billion ($26 billion); electricity and heat power supply industry investment increased 16.0 percent to RMB 697.9 billion ($102.3 billion); oil and gas exploration investment rose 34.4 percent to RMB 193.6 billion ($28.4 billion); investment in railway transportation went up 39.8 percent to RMB 222.2 billion ($32.6 billion); investment in non-metal minerals mining and processing increased 48.6 percent to RMB 353.7 billion ($51.9 billion); investment in ferrous metals mining and processing saw a rise of 31.4 percent to RMB 304.1 billion ($44.6 billion); and, finally, investment in non-ferrous metals mining and processing increased 43.0 percent to RMB 194.9 billion ($28.6 billion).
By the end of October there were 306,769 urban projects under construction, up by 24,257 projects year on year; the total investment in these projects was RMB 27.5175 trillion ($4.0348 trillion), up 19.2 percent year on year. Meanwhile, newly launched projects during the current year up to the end of October stood at 208,083, up 16,997 year on year; a total investment of RMB 6.8807 trillion ($1.0089 trillion) is scheduled for the projects in question, up 3.2 percent compared with the same period last year.