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Shanghai's fixed assets investment in 2004 has jumped 26 percent year-on-year to 308 billion yuan (US$37 billion), latest data from Shanghai Statistics Bureau indicated.
Quoted by today's International Financial News, the official data reflects that of the total investment, 117.5 billion yuan has been poured to the property sector, an increase of 30 percent over 2003.
By comprising the data, the report analyzed the government's macro control policy on real estate market has taken effect, as the housing investment growth rate has shown a slowdown in the second six months.
(Shanghai Daily February 22, 2005)
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