SteelOrbis Shanghai
According to the latest statistics released by the State Bureau of Statistics, China's urban fixed assets investment for the January-July period totaled RMB 7.216 trillion ($1.0519 trillion), up 27.3 percent compared with the same period last year. This growth was one percentage point higher than that for the first half of the current year, up 0.7 of a percentage point year on year. Investment in real estate development totaled RMB 1.5884 trillion ($231.5 billion), up 30.9 percent year on year.
Broken down into the various industrial sectors, investment in coal mining and dressing increased 37.5 percent year on year to RMB 104.5 billion ($152.3 billion); electricity and heat power supply industry investment increased 10.1 percent to RMB 439.8 billion ($64.11 billion); oil and gas exploration investment rose 33.5 percent to RMB 126.5 billion ($18.44 billion); investment in railway transportation went up 35.8 percent to RMB 105.4 billion ($15.36 billion); investment in non-metal minerals mining and processing increased 46.7 percent to RMB 224.2 billion ($32.68 billion); investment in ferrous metals mining and processing saw a rise of 31.6 percent to RMB 198.6 billion ($28.95 billion); and, finally, investment in non-ferrous metals mining and processing increased 40.5 percent to RMB 124.6 billion ($18.16 billion)
By the end of July there were 238,455 urban projects under construction with an investment figure higher than RMB 500,000 ($73,000) for each project, up by 20,606 projects year on year; the total investment in these projects was RMB 23.896 trillion ($3.4834 trillion), up 17.4 percent year on year. Meanwhile, newly launched projects as of the end of July stood at 144,467, up 12,368 year on year; a total investment of RMB 4.6742 trillion ($681.4 billion) is scheduled for the projects in question, down 2.9 percent compared with the same period last year.