The National Bureau of Statistics said urban investmentinfixed 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.
Investmentinfixed 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.
What we saw was not a 50 percent reduction, but in fact a 39 percent increase, because investmentin wind energy through the Recovery Act fixed the credit market as it related to investmentin those long-term energy jobs.