China: West region dvpt sees effectiveness; 1st 4 mths fixed asset ivstmnt up 2

According to China State Statistical Bureau, China April fixed asset investment reached RMB167.6 bln, up 18.6%, 15% above the market expectation. Together with Q1, China first 4 months investment in fixed asset reached RMB423.6 bln, a growth of 16.5%.

China west-region development effort saw initial effectiveness. In the first four months, west region obtained investment in fixed asset soared by 26.2% to RMB 67.2 bln, much higher than the growth range of east region 7.9% and middle region 12.9%.

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