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Investment in fixed assets amounted to 140.8 billion yuan in the first two months of this year, increasing 24.5 percent over the same period last year.
According to the latest figures released by the National Bureauof Statistics (NBS) Tuesday, investment in infrastructure was 71.5 billion yuan during January-February, increasing 21.4 percent year on year.
Investment in renovation and technical upgrading totaled 21.6 billion yuan, an increase of 22.1 percent over one year ago. Investment in real estate development was 41.7 billion yuan, increasing 30.2 percent year on year.
According to the NBS, the investment increased evenly in eastern, central and western parts of China. The structure of investment in various industries also improved. As the number of newly started projects grew, the scale of each specific investment project also became bigger.
The NBS figures showed the country raised a total of 202.5 billion yuan to fund fixed assets investment during January-February, an increase of 30.3 percent over the same period of last year. The funding for fixed assets investment was 61.7 billion yuan more than the investment actually made. The growth of funding was also 5.8 percentage points faster than that of actual investment.
(Xinhua News Agency March 20, 2002)
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