China's investment in fixed assets stood at 1,099.8 billion yuan in the first quarter of this year, up 22.8 percent year on year, the National Bureau of Statistics said Wednesday, adding that the growth rate represented a drop of 20.2 percentage points from a year earlier.

According to the bureau, investment in urban areas increased by 25.3 percent to 903.7 billion yuan in the period, while that in rural areas rose by 12.7 percent to 196.2 billion yuan.

Of the total investment in urban areas, 232.4 billion yuan went to real estate development, up by 26.7 percent.

Investment in agriculture, forestry, animal husbandry and fishery increased by 39.9 percent, that in coal mining and washing jumped by 86.1 percent, that in electricity, gas and water production and supply grew by 44 percent, and that in the railway industry soared by 430 percent.

Under the government macroeconomic regulation policy, investment in cement and metallurgical sectors was under continuous control, the bureau said.

Investment in non-metal products, and in non-ferrous metal dressing, smelting and pressing industry declined by 2.9 percent and 1.4 percent respectively, while that in ferrous metal dressing, smelting and pressing rose by 6 percent, the bureau said.
 
(People's Daily Online)