China's fixed-assets investment up 24.9 %

China's fixed-asset investments rose 24.9 percent year-on-year in the first 10 months of the year to 24.13 trillion yuan (3.8 trillion U.S.dollars), the National Bureau of Statistics (NBS) said Wednesday. The fixed-asset investment growth rate was the same as that recorded for the first nine months, said the NBS in a press release on its website. On a monthly basis, fixed-asset investments increased 1.34 percent in October, it said. Investment in the nation's property sector rose 31.1 percent year-on-year to reach 4.99 trillion yuan in the ten-month period, of which 3.58 trillion yuan went into residential housing, an increase of 34.3 percent from the same period last year.