China: Investment remains buoyant in March
April 15, 2011
In the first quarter of this year, nominal urban fixed-asset investment (excluding rural households) increased 25.0% over the same period last year. The expansion was broadly in line with market expectations of a 24.8% increase and was virtually unchanged compared to the 24.9% tallied in the January/February period. Based on the three-month growth rate published by the National Bureau of Statistics (NBS), urban fixed-asset investment expanded 25.1% in March over the same month last year, which represented a slight improvement from the previous month's reading of 24.9%. In particular, investment in railway transportation led the increase, growing 45.3% in the first quarter.