[photopress:China_factory.jpg,full,alignright]Investment in factories and other urban fixed assets in China soared by 23.4% in January-February despite official efforts to rein in a construction boom.
The National Bureau of Statistics reported investment totaled RMB653.5 billion (US$84 billion). The growth rate was 0.6% below the rate reported in 2005.
Investment in real estate, where the government has been struggling to rein in a building boom, rose by 24.3% to RMB178.6 billion (US$23 billion).
Source: Manufacturing Net
You must log in to post a comment.