Wednesday, April 23, 2008

Price indices of China's fixed-asset investment increase by 8.6% y/y in Q1/2008.

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Price indices of China's fixed-asset investment increase by 8.6% y/y in Q1/2008. News agency Xinhua reported that according to the National Bureau of Statistics (NBS), the price indices of China 's fixed-asset investment increased by 8.6% y/y in Q1/2008, representing the largest y/y increase in thirteen years. The cost of construction and installation engineering, representing about 60% of the total expenditure on fixed assets, increased by 12.4% y/y owing to an increase of 13.7% y/y in building material prices and a 13.5% y/y increase in labor costs. During Q1, fixed-asset investment increased to CNY 2.18tn, a y/y growth of 24.6% and a growth rate 0.9pps higher than a year earlier. However, after adjusting for costs, the real increase was only 14.73%, 6.19pps lower than in Q1/2007. Title: China , Fixed Asset Investment – Q1/2008 Items % Change q/q fixed-asset investment 8.6% Building material prices 13.7% labor costs 13.5% Real estate investment 32.3% Source: NBS

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Price indices of China's fixed-asset investment increase by 8.6% y/y in Q1/2008.

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