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Home >> Business
UPDATED: 21:17, October 02, 2005
Capital investment in Shanghai rises moderately Jan.-Aug.
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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 (28.1 billion US dollars) in fixed assets from January to August, up 12 percent year-on-year.

The total included 57.1 billion yuan (7 billion US dollars) in urban infrastructure construction, up 27.8 percent over the year-earlier level; 67.3 billion yuan (8.3 billion US dollars) in the industrial sector, down 1.7 percent; and 81.4 billion yuan (10billion dollars) 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 (9.7 billion US dollars) in fixed assets, and the non-state sector, 149.2 billion yuan (18.4 billion US dollars), up 8.6 percent. Overseas-funded companies registered a 18.2 percent decline in capital investment in the eight-month period, the local statistical bureau said.

Source: Xinhua

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