China's Fixed-asset Investments up 24.9 pct in First 10 Months

China's fixed-asset investments rose 24.9 percent year-on-year in the first 10 months of the year to 24.13 trillion yuan (3.8 trillion U.S.dollars), the National Bureau of Statistics (NBS) said on November 9.

The fixed-asset investment growth rate was the same as that recorded for the first nine months, said the NBS in a press release on its website.

On a monthly basis, fixed-asset investments increased 1.34 percent in October, it said.

Investment in the nation's property sector rose 31.1 percent year-on-year to reach 4.99 trillion yuan in the ten-month period, of which 3.58 trillion yuan went into residential housing, an increase of 34.3 percent from the same period last year.

Investment in primary, secondary and tertiary industries rose 28.2 percent, 26.9 percent and 23.3 percent from a year ago, respectively, during the first ten months of the year, the NBS said.

Investment in state-owned and state-controlled companies rose 12.4 percent to 8.39 trillion yuan during the period.

Investment in the nation's eastern region grew 22.2 percent year-on-year, while investment in central and western regions rose 29.7 percent and 29.6 percent, respectively.

Source: Xinhua