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Non-state Economy -- Major Investor in Fixed Assets in Shanghai
The non-state economy has grown into a major force of investment in fixed assets in this largest business and commercial center of China, according to sources.
Statistics show that in the first half of this year, investment in fixed assets in the non-state economic sector reached more than 41 billion yuan, accounting for nearly 60 percent of the total.
Meanwhile, the investment structure has also undergone some changes, since capital flow into the industrial sector and infrastructure construction projects have both witnessed a sharp increase.
The non-state economy is also active in financing the real estate sector of the city, which absorbs about half of the total investment on fixed assets.
Official figures show that in the first half of this year, total investment in fixed assets of the city reached 69.5 billion yuan, up 15.2 percent year on year.
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