Fixed-asset investment growth bounces back

Analysts claim China's urban fixed-asset investment (FAI) rose by around 25% in November over last year, a sharp rise on the 16.8% growth rate seen in October, AFP reported. The news came as the National Bureau of Statistics announced that FAI, a broad measure of spending on infrastructure projects, had risen 26.6% over the first 11 months of the year to US$1 trillion. At the time, it gave no figure for November alone. The rise is expected to reduce concerns that investment growth has slowed too much on the back of monetary tightening. The government's official FAI growth target for 2006 is 18%.