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 | Monday, April 24, 2000, updated at 10:10(GMT+8) | ||||||||||||
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Service Sector Investment RisesChina invested more in its service sector in the first two months of 2000 in a bid to speed up economic growth and improve people's living conditions, according to the National Bureau of Statistics.Investment in real estate, public services and consulting services surged 22.4 percent to 33.09 billion yuan (about US$ 3.99 billion) over the same period last year. At the same time, 1.56 billion yuan (about US$ 187.95 million) was channeled into commerce, food services, material supply and marketing, and storage, down 7.6 percent on an annual basis. China has also significantly increased input in the primary industry during the period, with investment amounting to 3.35 billion yuan (about US$ 403.61 million), a year-on-year rise of 18.2 percent. The primary industry includes agriculture, forestry, animal husbandry, fishery and water conservancy. In the construction sector, total investment hit 423 million yuan (about US$ 50.96 million), 19.8 percent down from the same period of 1999. China has taken measures to step up infrastructure construction with a view to stimulating domestic market in the wake of the Asian financial crisis.
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