(Yicai Global) Dec. 15 -- China’s investment in fixed assets gained 2.8 percent last month from the same period last year, beating analysts’ expectations, according to data released by the National Bureau of Statistics today.

Chief economists surveyed by Yicai Global had predicted a rise of 2.62 percent.

In the first 11 months of the year, the country’s fixed asset investment, which refers to investment in long-term assets such as real estate, machinery and equipment as well as construction projects, was up 2.6 percent from a year earlier at CNY49.96 trillion (USD7.6 trillion).

Editor: Kim Taylor