China's fixed-asset investment growth cools

China's urban fixed-asset investment growth cooled to 19.9 percent year on year in the Jan.-Nov. period, the National Bureau of Statistics (NBS) announced on Tuesday.

The country's urban fixed-asset investment growth expanded 19.9 percent year on year to 39.13 trillion yuan (6.4 trillion U.S. dollars) in the Jan.-Nov. period, down 0.2 percentage points from the growth rate in the first ten months, according to the NBS.

In November, urban fixed-asset investment grew 1.47 percent from the previous month, the NBS data showed.

From January to November, investment from the private sector, which accounted for 63.5 percent of total fixed-asset investment, grew 23.2 percent year on year to 24.84 trillion yuan. ( From January to November, investment in primary industry hit 850.9 billion yuan, up 31.7 percent year on year, while investment in secondary industry amounted to 16.7 trillion yuan, up 17.3 percent year on year. Investment in tertiary industry expanded 21.5 percent year on year to 21.6 trillion yuan.

Investment in China's western regions grew by 23.1 percent year on year, followed by 23 percent in the central regions and 18.4 percent in the east.

The NBS said the property sector attracted 7.74 trillion yuan of investment in the first eleven months, up 19.5 percent year on year. The growth rate increased 0.3 percentage points from that of the first ten months.

Residential housing investment accounted for 68.6 percent of the total property investment, up 19.1 percent year on year to 5.3 trillion yuan.

Sales of commodity housing surged 30.7 percent year on year to 6.99 trillion yuan, but the growth rate dipped 1.6 percentage points from the rate registered in the first ten months.