Investment in Fixed Assets in Beijing RisingBeijing has invested a total of 53.91 billion yuan (about 6.5 billion US dollars) in fixed assets during the first eight months of this year, up 3.7 percent over the same period last year.Accelerated construction of some local key projects are the main reasons for the increase, according to economic analysts. Beijing invested 3.64 billion yuan (about 439 million US dollars) in such key projects in August alone, 39.4 percent more compared with that of July. Investment in infrastructure has been growing as 15.41 billion yuan (about 1.85 billion US dollars) was used to build or improve roads, bridges, and the sewage systems of the Chinese capital. Investment in real estate kept growing at a high speed. In January-August, the sector has attracted 25.17 billion yuan (about 3 billion US dollars) of investment, 22.7 percent more than in the same period last year. Beijing has listed 50 key projects this year which call for a total investment of 147.6 billion yuan (about 17.8 billion US dollars). Thirty-one of the 50 projects are now under construction. |
| People's Daily Online --- http://www.peopledaily.com.cn/english/ |