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China aims for 20% growth in fixed asset investment in 09

By Zheng Lifei (chinadaily.com.cn)
Updated: 2009-03-05 10:29

China's fixed asset investment will grow 20 percent this year, the National Development and Reform Commission said in a report to country's top legislature today.

The central government will invest 908 billion yuan ($132.79 billion) in various infrastructure projects this year such as economical housing, education, railway and earthquake rebuilding efforts, Chinese Premier Wen Jiabao said at the opening meeting of the parliament's annual session.

"We must maintain relatively rapid investment growth and optimize our investment structure," Wen said in the report to the National People's Congress.