Tianjin Municipality, a leading economic center in north China, registered 81.827 billion yuan (10.09 billion US dollars) in fixed assets investment in the first eight months this year, up16.7 percent from a year earlier, latest statistics show.

According to the Tianjin Municipal Statistics Bureau, the city's investment in building construction surged by 24.7 percent year on year to reach 49.038 billion yuan (6.04 billion US dollars)in the January-August period this year.

In the eight-month period Tianjin saw slow increase in investment in industrial and tertiary sectors. The city's investment in the industrial sector rose by 21.7 percent year on year but the increased rate dropped by four percentage points over the first seven months. The city's investment in the tertiary sector went up by 14 percent year on year but the increase rate dropped by 0.8 percentage points over the previous seven months.

Source: Xinhua