SteelOrbis Shanghai
In the first two months of 2007,
China's urban fixed assets investment totaled RMB 653.5 billion ($84.5 billion), up 23.4 percent compared with the same period last year.
Broken down into the various industrial sectors, investment in coal mining and dressing increased 2.3 percent to RMB 4 billion ($500 million); power supply industry investment increased 11.7 percent to RMB 54.3 billion ($7 billion); oil and gas exploration investment increased 3.3 percent to RMB 11.2 billion ($1.4 billion); investment in railway transportation increased 97.2 percent to RMB 9.9 billion ($1.3 billion); investment in non-metal minerals mining and processing increased 36.6 percent to RMB 11.7 billion ($1.5 billion); investment in ferrous metals mining and processing increased 3.4 percent to RMB 16.8 billion ($2.2 billion); and finally, investment in non-ferrous metals mining and processing increased 56.4 percent to RMB 6.6 billion ($900 million).
Based on the above figures,
China's fixed assets investment has seen a slowdown in growth in the January-February period of this year. Accelerated growth, however, was observed in steel industry investment, up 1.8 percentage points year on year - still at a relatively low level.