China asset investment keeps rising

China's investments in factories, real estate and other urban assets surged 26.8 percent in the first 11 months of this year despite government curbs meant to prevent runaway spending, according to data reported Friday.
Total investment in such fixed urban assets during the period was 10.1 trillion yuan ($1.4 trillion), the National Bureau of Statistics reported.
Monthly figures for November were not immediately released.
Beijing worries that rising spending on factories, real estate and other projects could ignite a debt crisis if a glut of unneeded projects leads to widespread defaults on bank loans.