Total Urban Investments in China's Fixed Assets Jump 26.8% from January to November

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Researched by Industrial Info Resources (Sugar Land, Texas)--From January to November, total urban investments in China's fixed assets reached about $1.4 trillion, an increase of 26.8% year over year. State-owned and state-controlled enterprises invested $593.07 billion, up 16.3%, and real estate development enterprises invested $292.32 billion, up 31.8%, the National Bureau of Statistics of China announced in mid-December.

Jurisdiction of management
Central investments stood at $134.55 billion with a growth rate of 12.8% compared with last year, and local investments totaled about $1.2 trillion, up 28.6%.

Industries
Investments of primary, secondary, and tertiary industries amounted to $16.69 billion (up 37.6%), $597.41 billion (up 29.7%) and $745.42 billion (up 24.4%), respectively, year over year.

Sectors
•Mining and coal washing: $19.62 billion, up 24.1%
•Extraction of petroleum and natural gas: $22.24 billion, up 9.6%
•Production and supply of electricity and heat: $91.78 billion, up 9.5%
•Railway transport: $24.62 billion, up 5.4%
•Manufacture of nonmetallic mineral products: $33.47 billion, up 56.1%
•Smelting and pressing of ferrous metals: $30.39 billion, up 15.2%
•Smelting and pressing of nonferrous metals: $15.05 billion, up 36.4%

Registration status
Investments in domestic-funds enterprises reached about $1.2 trillion, surging 27.1% over the same period last year. Enterprises with funds from Hong Kong, Macao and Taiwan climbed to $64.19 billion, up 29.4%, and investments in foreign-funded enterprises reached $80.22 billion, up 20.2% year over year.

Construction
By the end of November, the cumulative number of urban construction projects valued at more than $67, 567.57 (RMB 500,000 yuan) reached 302,807, an increase of 34,106 year over year. Investments planned in projects under construction reached about $3.3 trillion, up 20.1%. The number of projects started this year was 211,127, an increase of 24,124. The total planned investment in new projects was $994.38 billion, up 26.5% year over year.

Positioned funds
Investments in urban areas hit about $1.5 trillion, up 29.8%. The growth rate of domestic loans, foreign investments and self-rising funds reached 16.9%, 19.9% and 33.6%, respectively, year over year.

(Based on the exchange rate of $1 U.S. = RMB 7.4)

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