Chinese investment in real estate rose 17.7 per cent in the first nine months from a year earlier, up from 14.7 per cent in the January-August period, the National Bureau of Statistics said on Thursday.
Property accounts for more than 20 per cent of total fixed-asset investment in China.
The authorities are counting on increased private-sector capital spending to take the baton of growth from government-driven investment, which has jumped in response to Beijing’s emergency four trillion yuan (US$586 billion) stimulus package.
Source: Business Times, 15 Oct 2009
No comments:
Post a Comment