October 08, 2008

Chinese investments in high energy consumption & pollution industries still growing

It is reported that from January to October 2007, investments in Chinese construction material, petroleum & chemistry and chemical industry rose by 53.5%, 46.9% and 38.1% separately and nonferrous metals and steel & iron rose by 33.4% and 14.5% separately.

In the YoY 13.9% increase of the investment growth of fixed assets in October 2007 in urban areas, industries mentioned above pushed 5%.