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Shanghai reported a moderate growth in fixed-assets investment in the first eight months of the year, yet had input in the industrial sector and that by the overseas-funded companies move down drastically.
According to the municipal bureau of statistics, Shanghai invested 228.23 billion yuan (US$28.1 billion) in fixed assets from January to August, up 12 percent year-on-year.
The total included 57.1 billion yuan (US$7 billion) in urban infrastructure construction, up 27.8 percent over the year-earlier level; 67.3 billion yuan (US$8.3 billion) in the industrial sector, down 1.7 percent; and 81.4 billion yuan (US$10 billion) in the real estate development sector, up 9.6 percent, with the growth rate down 5.9 percentage points from the Jan.-Jun. level.
In terms of investors, state-owned enterprises pumped 79 billion yuan (US$9.7 billion) in fixed assets, and the non-state sector, 149.2 billion yuan (US$18.4 billion), up8.6 percent. Overseas-funded companies registered an 18.2 percent decline in capital investment in the eight-month period, the local statistical bureau said.
(Xinhua News Agency October 3, 2005)
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