Fixed assets investment slows down in China
(Xinhua)
Updated: 2004-07-17 01:06

China's fixed assets investment was 2,608.2 billion yuan (US$315.4 billion)in the first six months of 2004, up 28.6 per cent year on year, said Zheng Jingping, spokesman of National Bureau of Statistics Friday.

Fixed assets investment in urban areas reached 2184.4 billion yuan, up 31.0 per cent from the first half of 2003, but 16.8 percentage points less than the growth rate of the first quarter, he said.

Investment for real estate in the first half of the year was 492.4 billion yuan, up 28.7 per cent from the same period of 2003, or 12.4 percentage points less than the growth rate of the first quarter, said Zheng.

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