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East China's Zhejiang Province maintained a rapid growth in its investment and consumption sectors in 2002, said the provincial statistics bureau.
Last year, the province received 345.8 billion yuan (US$42 billion) of domestic investment in fixed assets, an increase of 24.9 percent over the previous year.
About 231.6 billion yuan (US$28 billion) came from the private sector, up 33.2 percent over 2001, which contributed 67 percent to the gross domestic investment.
Last year, the province approved the establishment of 3,364 foreign-invested enterprises and received direct foreign investment of US$3.16 billion, up 45.6 percent and 43 percent respectively.
Meanwhile, an increase was also reported in gross retail consumption, which totaled 287.8 billion yuan (US$35 billion) in 2002, up 12.6 percent. It had the second highest growth rate, after Tianjin Municipality, in China.
(Xinhua News Agency February 6, 2003)
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