China Trade Information

Shanghai’s fix-asset investment in the past 11 months amounted to RMB 425.46 billion, representing a year-on-year increase of 6.5%, according to the Shanghai Statistics Bureau.

Investment in property development rose 4.7% from a year ago to RMB 126.2 billion, and investment in construction and rebuilding grew to RMB 261.6 billion, up 6.7% compared with the same period of last year.

However, contribution of the real estate investment to the total fixed-asset investment in the city decreased to 29.7% from 30.2% during the same period of last year.

China’s urban fixed-asset investment surged 26.8% to RMB 12.76 trillion in the Jan.-Nov. period, according to the data released by the National Statistics Bureau earlier.

Tags: China Investment, Shanghai

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