The National Bureau of Statistics said urban investment in fixed assets such as roads, power plants and apartment buildings rose by 26.5% in January and February from a year earlier, beating market forecasts for a 21.5% increase.

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Investment in fixed assets, such as buildings, factories and equipment, has grown by between 21% and 26%, year on year, for the past four quarters, despite the government's efforts to tighten credit.

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What we saw was not a 50 percent reduction, but in fact a 39 percent increase, because investment in wind energy through the Recovery Act fixed the credit market as it related to investment in those long-term energy jobs.

WHITEHOUSE: Press Briefing

Official figures show investment by the private sector in fixed assets such as factory buildings and machinery grew nearly threefold between 2000 and 2005 (see chart).

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Chinese Fixed Asset Investment as a per cent of GDP is massive and unprecedented in history.

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Even though investment as a proportion of GDP is high, China's accumulated investment in fixed assets is still low.

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Goldman Sachs, the vaunted investment bank, had a relatively poor showing as rival Morgan Stanley surpassed it in second quarter revenue from both investment banking and fixed income trading.

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The housing market advanced as residential fixed investment, which includes spending on home improvements, grew by 15.3% in the fourth quarter.

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