China's urban fixed-asset investment up 24.3% in Jan to Feb By Chris Oliver Last update: 11:43 p.m. EDT March 13, 2008
HONG KONG (MarketWatch) -- China's investment in factories and land continued at a torrid pace in the first two months of the year, with few signs of a slowdown despite the worst snow storms in half a century hitting key industrial regions, government data showed Friday. Investment into fixed assets in urban areas, including land, climbed 24.3% to 812.1 billion yuan ($115 billion) in the January and February period, accelerating from a 19.6% rise in December, the National Bureau of Statistics said. The figures were roughly in line with a 25.8% increase in urban fixed-asset investment in all of 2007, and slightly quicker than the 23.4% expansion in the same two-month period last year. The statistics bureau said investment in the real estate sector climbed 32.9% to 237.4 billion yuan. Fixed-asset investments to the coal sector jumped 31.1% to 5.3 billion yuan, while nonferrous metals investment rpse 68% to 8.9 billion yuan and spending in minerals development climbed 61.2% to 17.9 billion yuan.
are those numbers not just ridiculous? Keep an eye open for opportunities like the big "E". With the financial sector way down, it pulled E house down with it. You would think it could not continue the rate of growth it experienced last year, but I know I have a hard time grasping the scale of an emerging economy like China. Real estate in China...the United States have 10 cities with a population that exceeds 1 million. China has over 100. Thats some serious real estate opportunities. As far as competition for E House...there is room for a dozen more companies in China and they could still remain very profitable. Keep an eye on Uitility companies, education for profit institutions, railroads...any company that provides infrastructure. Only way I would consider any longs in a chinese company. Manufacturing is too scary. I'm not here for a long run...in at $12.80 for 1500 shares...out a 20.50