Beijing Registers Fast Foreign Investment Growth

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Last updated at: (Beijing Time) Tuesday, July 16, 2002

Beijing Registers Fast Foreign Investment Growth

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The Beijing Municipal Bureau of Statistics Monday released a report saying that in the first half of this year, fixed assets investment in the capital city totaled 61.45 billion yuan (7.4 billion US dollars).

The figure was 23.4 percent up from the same period last year.

The report said that real estate development showed the biggestgrowth with more than half of the total investment going to this sector this year.

Non-government investment accounted for over 43.5 percent of the total, an increase of 4.1 percent on last year.

Major projects, infrastructure projects and the service industry also have big shares of the total investment, according to the report.

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