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China's Investment in Industry Rising
China's investment in many industrial sectors rose steadily in the first quarter of 2000, but input in construction dropped substantially, according to the National Bureau of Statistics.
The latest figures from the bureau showed that total investment in industry between January and March increased 5.6 percent year on year to 73.75 billion yuan (about US$8.9 billion).
During this period, 40.87 billion yuan went to the energy sector, surging 12.1 percent over the same period of 1999, and a sum of 9.03 billion yuan was directed to light industry and textile, up 10 percent.
Investment in transportation, postal and telecommunications services at the time reached 43.98 billion yuan, up 2.3 percent on an annual basis.
Construction sector suffered a decline of investment with funds channeled to this field amounting to 1.19 billion yuan, plummeting 20.2 percent year on year.
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