Beijing's fixed-asset investment reached 282.7 billion yuan
(about US$34.9 billion) in 2005 with investment in the real estate
market still comprising more than half of that, according to the
municipal bureau of statistics.
The city's investment in the real estate market accounted for
53.9 percent of the total fixed-asset investment with a growth rate
of 3.5 percent, dropping by 19 percentage points compared with the
previous year.
In the past year, Beijing has made an investment of 61 billion
yuan (some US$7.5 billion) in infrastructure construction and 23.2
billion yuan (about US$2.86 billion) in rural infrastructure
development, up by 31.8 percent and 18.7 percent respectively over
the year 2004, said Yu Xiuqin, spokeswoman of Beijing Municipal
Bureau of Statistics.
In the meantime, the city's investment in ecological environment
protection projects grew by 23.6 percent, 17.9 percent higher than
that in the new urban development work.
During the 2001-2005 period, Beijing registered a fixed-asset
investment totaling 1.09 trillion yuan (about US$134.6 billion),
doubling that of the 1996-2000 period, said the spokeswoman, adding
that investment in the real estate sector has tripled from the
previous five-year period.
(Xinhua News Agency January 24, 2006)
