Here is a group of data from China's National Reform and Development Commission regarding China's investment in fixed assets for the first 10 months.

Total completed investment in fixed assets was 15 trillion yuan for the ten months in total, representing a year on year growth of 33.1%.

By industry, the growth rate was 54.1%, 26.8%, and 37.8% for the primary, secondary, and tertiary industries.  Even though the growth rates are impressive, the numbers are smaller compared with last year for the primary and secondary industries.  For the tertiary industry, the 37.8% is compared with 24.3% growth rate for the same period of last year.

Even though the high growth rate in fixed asset investment reinforces the concerns of China's asset bubble, the result does positively reflected China's economic structural change.  Even since the international financial crisis started, China had shifted gears to focus more on economic structural optimization and domestic consumption.  As can be seen from the above data, the secondary industry, characterized as energy intensive and environmentally unfriendly, did grow slower, at least on relative basis.