In the January-November period of this year, China’s total fixed asset investment (excluding rural households) amounted to RMB 32.6236 trillion ($5.2365 trillion), up 20.7 percent year on year, according to the figures released by China’s National Bureau of Statistics. The year-on-year growth rate in question was unchanged compared to that recorded for the January-October period. Meanwhile, China’s total fixed asset investment indicated a month-on-month increase of 1.26 percent in November.
Also in the January-November period, fixed asset investment in China’s iron and steel sector increased by 2.7 percent year on year to RMB 455.6 billion ($73 billion), while this growth rate was down 1.2 percentage points compared to January-October. Meanwhile, fixed asset investment in the domestic ferrous mining industry in the first 11 months of the year amounted to RMB 139 billion ($22.3 billion), increasing by 21.4 percent year on year, with a decrease of 1.7 percentage points in the growth rate compared to that registered in the January-October period.