Higher investment in infrastructure as rebuilding efforts gather pace

By Chris Oliver, MarketWatch

HONG KONG (MarketWatch) -- China's fixed-asset investments growth grew at a faster-than-expected pace in the first seven months of the year, driven by higher spending on resource projects and reconstruction works arising from the Sichuan Province earthquake and winter snow storms that were the worst in half a century.

Urban fixed-asset investment, which includes spending on mines, factories and land, between January and July climbed a faster-than-expected 27.3% from a year earlier, up from a 26.8% rise in the first half, according to data released by the National Bureau of Statistics Friday.

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Posted by boyang at August 15, 2008 6:50 PM