China's fixed assets investment up 23.7 percent in first quarter

China's investment in fixed assets in the first quarter of this year totaled 1.7526 trillion yuan (227.6 billion U.S. dollars), up 23.7 percent, 4 percentage points lower than the rise at the same period of last year, official figures showed.

The National Bureau of Statistics (NBS) said the investment in urban areas reached 1.4544 trillion, up 25.3 percent, while the investment in the country's rural area came to 298.2 billion yuan, up 16.7 percent.

The investment in primary, secondary and tertiary industries rose by 20.3 percent, 27.0 percent, and 24.0 percent respectively.

The real estate sector witnessed an investment of 354.4 billion yuan in the first three months, up 26.9 percent, 6.7 percentage points higher than the rise at the same time last year.

Source: Xinhua