Property, fixed-asset investment up despite measures
22 October 2007
Investment in factories, real estate and other urban assets in China rose 25.7% in the first three quarters of this year compared to the same period last year, Bloomberg reported. The figure was given by People's Bank of China vice governor Wu Xiaoling, who said investment in those areas had risen despite attempts to curb it. Wu also said retail sales rose 15.9% in the first three quarters compared to the same period last year. China's National Bureau of Statistics is expected to release official third-quarter economic data on October 25.