China's Q1 fixed-asset investment up 20.9 pct

Source:Xinhua Published: 2013-4-15 11:28:04

China's urban fixed asset investment in the first quarter of 2013 showed a 20.9-percent rise from the same period last year to 5.81 trillion yuan ($929.47 billion), new data showed.

The growth equalled that of the first quarter of 2012, but was 0.3 percentage points higher than that of the entire year of 2012, the National Bureau of Statistics (NBS) said Monday.

Investment in the agricultural sector surged 31.4 percent to 93 billion yuan. Investment in industry grew 16.2 percent to 2.46 trillion yuan, while the service sector saw a 24.5-percent rise to hit 3.25 trillion yuan.

Investment in the nation's western regions witnessed the fastest growth of 24.2 percent, followed by 24.1 percent in central China and 19.4 percent in the country's east.

The bureau said investment by state-owned enterprises and their holding companies grew by 18.7 percent year on year. Investment by private investors surged 24.1 percent.

Investment in property development climbed 20.2 percent, down 3.3 percentage points over the same period of last year, the NBS said.

A total of 208.98 million square meters of property was sold in the first quarter this year, up 37.1 percent year on year and the growth rate was 35.3 percentage points higher than the whole of 2012. In the first quarter of 2012, the amount of property space sold went down 13.6 percentage points from that of 2011.

Revenues from property sales rose 61.3 percent in the first quarter from the same period last year to 1.40 trillion yuan and the growth rate was 51.3 percentage points higher than the whole of 2012.

After being adjusted for inflation, urban fixed asset investment in the first quarter of 2013 rose 20.7 percent from the same period of 2012.

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