SteelOrbis Shanghai
According to the data issued by the Chinese National Bureau of Statistics, urban fixed asset investments from January to July 2007 have increased 26.6 percent year on year to RMB 5.6698 trillion ($747 billion). However, the rate of increase is 0.1 percentage points lower than that of January-June. Meanwhile, the speed of the steel industry's fixed assets investment growth decreased, growing by only 9.2 percent.
In terms of the various industry sectors, from January to July the fixed assets investment in the coal mining and washing industry was RMB 76 billion ($100 billion), up 17.2 percent; the figure for the oil and gas exploitation industry was RMB 94.7 billion ($125 billion), up 10.4 percent; the non-metal mineral products industry totaled RMB 139.3 billion ($184 billion), up 48.8 percent; the iron ore smelting and steel industry registered RMB 130.2 billion ($17.20 billion), with an increase of 9.2 percent; the non-ferrous metal mining smelting and dressing industries saw total fixed asset investment of RMB 64.7 billion ($8.5 billion), up 34.8 percent; total fixed asset investment in the electricity and energy production and supply industry was RMB 399.4 billion ($526 billion), with an increase of 12.6 percent; finally, investment in railway transportation reached RMB 77.6 billion ($10.2 billion), up 5.4 percent.