Beijing invested 101.2 billion yuan (US$13.3 billion) in
fixed-assets in the first five months of this year, a growth of
15.3 percent year-on-year, according to local statistical
bureau.
The growth was 1.5 percentage points lower than the
January-April level, the bureau said.
Of the total investment, 26.9 billion yuan went to urban
infrastructure construction projects, up 25.9 percent. But the
growth was 21.4 percentage points lower than the Jaunary-April
level.
The big-margin slowdown was attributable to the high comparative
base in the January-May period of last year, when work began on the
inter-city rail transit project for Beijing and its neighbor
Tianjin, the bureau said.
The total investment also included 53.3 billion yuan pumped into
real estate development projects, up 10.8 percent. The growth was
0.8 percentage points lower than the January-April period, the
bureau added.
(Xinhua News Agency June 18, 2007)