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Urban fixed asset investment up 26.5% in first two months

(Xinhua)
Updated: 2009-03-11 14:00

BEIJING  -- China's urban fixed asset investment totaled 1.027 trillion yuan (150.35 billion US dollars) in the first two months, up 26.5 percent year on year, the National Bureau of Statistics (NBS) said on Wednesday.

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The growth rate in the primary industry (farming, fishing, forestry and the like) remained the highest among all industrial sectors, up by 100.3 percent. The secondary sector saw investment rise by 24.8 percent and the tertiary sector by 26.9 percent.

Investment in projects authorized by the central government rose by 40.3 percent and in local government-approved projects by 25.1 percent compared with the same period of last year.

Investment in the real estate sector grew 1 percent to 239.8 billion yuan in January and February, compared with a 32.9 percent increase in the same period last year.