Update: China's fixed asset investment up 33.4% in Jan-Sep

Oct. 22, 2009 (China Knowledge) - China's total fixed asset investment surged 33.4% year on year to RMB 15.51 trillion in the first three quarters of this year, according to statistics released by the National Bureau of Statistics today.

The growth rate is 6.4 percentage points higher than in the same period of last year, said NBS. 

Investment in urban areas grew 33.3% from a year earlier to RMB 13.32 trillion at a growth rate 5.7 percentage points higher than in the same period of 2008. Investment in rural areas jumped 33.6% year on year to RMB 2.19 trillion. The growth rate was up 10.3 percentage points from a year earlier. 

Urban fixed asset investment in primary industry saw a 54.8% growth rate, while secondary and tertiary industry saw growth rates of 26.9% and 38.1%, respectively, according to the latest statistics.

Meanwhile, urban fixed asset investment in China's eastern, central and western areas booked notable year-on-year increases of 28.1%, 38.3% and 38.9%, respectively, during the first nine months of this year.