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The National Bureau of Statistics
(NBS) reported that in 2011, investments in real estate development totaled CNY
6.17 trillion, a 27.9% year-on-year increase. Residential buildings took a big
chunk of that investment with CNY 4.43 trillion, a 30.2% increase; CNY 254.4
billion was invested in office buildings, a 40.7% increase; and CNY 737 billion
was invested in commercial buildings, a 30.5% increase.
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In 2011, the value added of the
construction industry was CNY 3.2 trillion, a 10% year-on-year increase.
General contractors realized a profit of CNY 424.1 billion, a 24.4% increase,
in which CNY 117.2 billion was contributed by state-owned enterprises, a 36%
increase.
The growth in fund sources for real estate
development slowed down in 2011.
Construction industry
maintained a development momentum.
Other News Headlines:
n HSBC China’s Feb. Preliminary PMI Rises to 49.7
n China’s 2011 R&D Spending Represents 1.83% of GDP
n PBOC Advocate for Further Opening-up of Capital Account
n Output Value of Machinery Equipment Totaled CNY 660.65 Billion in 2011
n Investments in Real Estate Development Increased 27.9% YoY in 2011
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