China's Investment in Fixed Assets Up 24.9% in First Two Months of 2011

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Researched by Industrial Info Resources China (Beijing, China)--In the first two months of 2011, China's investment in fixed assets (excluding rural households) reached $264.3 billion, up 24.9% from the same period in 2010. In particular, that in the state-owned and state holding enterprises reached $97.5 billion, a 15.6% increase, according to the Instant Statistic Report of the National Bureau of Statistics of China on March 11.

Grouped by jurisdiction of project management, the central investment reached $20.98 billion in the first two months 2011, a 6.3% growth from the same period last year, while the local investment was $243.33 billion, up 26.9%. Grouped by status of registration, investments from domestic enterprises was $240.48 billion, up 26.6%; investment from funds in Hong Kong, Macao and Taiwan was $11.42 billion, up 25.5%; and investment from foreign funds was $11.61 billion, up 10.1%.

In the first two months 2011, the investment in primary industry, secondary industry and the tertiary industry reached $3.2 billion, $108.41 billion and $152.7 billion, increases of 6.9%, 24.7% and 25.6%, respectively. Grouped by different sectors, investments in production and supply of electric power and heat power reached $10.21 billion, up 1.3%; investments in extraction of petroleum and natural gas reached $1.64 billion, up 7.8%; investments in railway transport reached $8.88 billion, up 45.3%; investments in ore mining, processing of non-metallic minerals and its products reached $8.88 billion, up 17.6%; investments in ore mining, smelting and pressing of ferrous metals reached $4.3 billion, up 13.3%; and investments in ore mining, smelting and pressing of nonferrous metals reached $3.3 billion, up 10% from the same period in 2010.

An analysis of projects under construction or started this year showed that in the first two months 2011, the total planned investment in projects under construction reached $3.94 trillion, up 21.4% from the first two months of 2010; the total planned investment in newly started projects was $140.36 billion, down 23.6%.

In terms of funds in place for investment, in the first two months 2011, $503.85 billion had been invested, a growth of 22.5%. In particular, the growth of government budgetary funds went up 4.6%; investments from domestic loans went up 14.5%; investments from self-raising funds went up by 28.5%, and foreign investments were up 21.1%.

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