English Home
Editorial
China
World
Business
Sports
Education
Sci-Tech
Culture
FM Remarks
Friendly Contacts
News in
World Media
Features
Message Board
Voice of Readers
Feedback

Monday, November 15, 1999, updated at 09:06(GMT+8)
Business China's Investment in Industry Declining

China's investment in many industrial sectors underwent a decline in the first nine months of this year, but input in the transportation sector kept a strong upward trend, according to the National Bureau of Statistics.

Latest figures from the bureau showed that total investment in industry between January and September dropped 4.9 percent year-on- year to 376.79 billion yuan (about 45.5 billion US dollars).

In the meantime, 198.36 billion yuan went to the energy sector, down 7.4 percent from the same 1998 period, and a sum of 43.96 billion yuan was directed to machinery and electronics sector, dipping 1.3 percent.

Transportation, postal and telecommunications services continued to enjoy a considerable inflow of funds. Investment in the sector during the period hit 266.21 billion yuan, growing 5.5 percent on an annual basis.

Light industry and textile industry also witnessed a decline of investment in the nine months. Funds channeled to the sectors amounted to 48.49 billion yuan, down 5.3 percent.

Printer-friendly Version In This Section
  • Guangdong Invites International Advice on Economic Development

  • China International Business Vehicle Fair Opens

  • China Sees Rise in Service Sector Investment

  • Growth of Some Areas of Telecom Industry Slowing Down in China

  • China Produces More Building Materials

  • Citizens in Shenzhen Earning More Money

  • Search
     

    Back to top
    Copyright by People's Daily Online, All rights reserved




    Relevant Stories
  • China Sees Rise in Service Sector Investment


  • Growth of Some Areas of Telecom Industry Slowing Down in China


  • China Produces More Building Materials




  • Internet Links
  • The National Bureau of Statistics