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In 2002, Beijing, China's national capital, witnessed an 18 percent increase in investment in fixed assets, according to the city's statistical bureau.
Last year, the city invested 180 billion yuan (US$21.68 billion) in fixed assets, mainly in residential housing and infrastructure, the bureau's annual report says.
In the first 11 months of last year, 52.86 billion yuan (US$6.37 billion) was spent on building new houses and apartments, up 24.6 percent over the same period of 2001, while 33.06 billion yuan (US$3.9 billion) was used on infrastructure projects, up 19.7 percent over the corresponding period of 2001.
(Xinhua News Agency February 4, 2003)
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