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China Sees Rise in Service Sector Investment
China invested more in its service sector in the first three months of 2000 in a bid to speed up economic growth and improve people's living conditions, according to the National Bureau of Statistics.
Total investment in tertiary industry amounted to 140.07 billion yuan (US$17 billion) in the first quarter, jumping 10.7 percent year on year.
Investment in real estate, public services and consulting services surged 18.6 percent to 71.61 billion yuan (about US$8.6 billion) over the same period last year.
Meanwhile, 3.84 billion yuan (about US$463 million) was channeled into commerce, food services, material supply and marketing, and storage, down 10.1 percent on an annual basis.
In the construction sector, total investment stood at 1.19 billion yuan (about US$144 million), 20.2 percent less than the same period of 1999.
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