Biz News Flash

Chongqing fixed-assets investment up nearly 25%

(Xinhua)
Updated: 2011-05-13 16:14

Southwest China's Chongqing municipality invested 114.2 billion yuan ($17.3 billion) in fixed assets in the first quarter of this year, an increase of 24.5 percent on the same period of last year.

The city's investment in real estate development amounted to 33.2 billion yuan in the three months, up 43.4 percent year-on-year.

Between January and March, construction work began on 1,750 projects each with an investment of more than 5 million yuan, up 30 percent year-on-year. Cost of the projects totaled 2.2 trillion yuan, up 42.1 percent.