The investment in fixed assets in southwest China's Chongqing municipality rose 16.9 percent year-on-year to 97.7 billion yuan (12 billion US dollars) in the first eight months of this year, the local statistical bureau said in a press release.

At least 89.1 billion yuan (10.9 billion US dollars) of the investment were used in cities and towns, while 8.6 billion yuan (1.1 billion US dollars) went to rural areas, a year-on-year increase of 18 percent and 6.1 percent respectively.

The state, private and overseas-invested sectors reported 13.6 percent, 20.4 percent and 6.9 percent rises respectively in fixed asset investment in the first eight months of the year.

The local real estate sector maintained moderate growth. Between January and August, the city built 60 million square meters of apartment buildings, up 23.8 percent year-on-year.

Source: Xinhua