China’s construction projects reach high numbers
March 22, 2010 - China
Some 18,462 new projects started construction in China in the first two months of this year, 71 fewer than in the same period of 2009, according to statistics released by the National Development and Reform Commission.
These new projects involve a total investment of 1.0616 trillion yuan (US$155.5 billion), up 42.7 per cent year on year.
Meanwhile, there were 92,870 projects under construction in China in the first two months, a year on year increase of 14,171. And planned investment for these projects reaches 21.251 trillion yuan, registering a 29.9 per cent growth year on year.
Source: Property Report
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