From January to July, urban investment in fixed assets hit 5,669.8 billion yuan, a rise of 26.6 percent year-on-year. Of the total, state -owned and state controlled enterprises invested 2,431.7 billion yuan, surging 16.5 percent; real estate development enterprises valued at 1,213.5 billion yuan, rose by 28.9 percent.
In terms of jurisdiction of management, central investment stood at 533.2 billion yuan with growth rate of 15.4 percent as compared with previous year; that of local investment totaled 5,136.5 billion yuan, jumping 27.9 percent.
In terms of different industries, investments of primary, secondary, and tertiary industry amounted to 66.5, 2,549.8 and 3,053.6 billion yuan, expanding 46.2, 28.9 and 24.5 percent respectively, year-on-year.
In terms of different sectors, investments of mining and washing of coal stood at 76 billion yuan, a year-on-year rise of 17.2 percent; that of extraction of petroleum and natural gas grew to 94.7 billion yuan, increasing 10.4 percent; that of manufacture of non-metallic mineral products, smelting and pressing of ferrous metals, smelting and pressing of non-ferrous metals respectively valued at 139.3, 130.2 and 64.7 billion yuan, jumping 48.8, 9.2 and 34.8 percent; that of production and supply of electricity and heat, railway transport arrived at 399.4 and 77.6 billion yuan, climbing 12.6 and 5.4 percent year-on-year.
In terms of registration status, investments of domestic funds enterprises stood at 5,017.2 billion yuan, surging 26.7 percent over that in the same period last year; that of enterprises with funds from Hong Kong, Macao and Taiwan valued at 280.3 billion yuan, rising 34.4 percent; and that of foreign funded enterprises standing at 341.6 billion yuan, up 18.3 percent, year-on-year.
In terms of buildings under and new constructions, by the end of July, the cumulative number of urban construction projects over 500,000 yuan was 217,849, a year-on-year increase of 29,139; that of total investment planned in project under construction stood at 20.3484 trillion yuan, climbing 17.2 percent; that of number of project started this year valued at 132,099, a year-on-year rise of 17,168; that of total planned investment of newly projects was 4,813.8 billion yuan, a rise of 14.6 percent.
In terms of volume of positioned funds, investment in urban areas hit 6,610.4 billion yuan, a year-on-year rise of 25.1 percent. Of which, domestic loans, foreign investment, and self-rising funds rising 11.6, 16.0 and 31.0 percent respectively, year-on-year.
And just one detail, China will overtake the U.S. this year as the largest contributor to global growth, according to the IMF. The fund forecasts the nation will account for 15.6 percent of the expansion, versus 15.4 percent for the U.S.
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