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Central China's Henan Province saw a 12.2-percent increase in its total fixed assets investment in 2002, according to information from the provincial statistics bureau.
The province's total investment to fixed assets in 2002 registered 182.6 billion yuan (US$22.07 billion), the bureau said.
More than 40 percent of the total investment went to the transportation and real estate industries, and to the construction of facilities serving cultural development, education and public health.
Meanwhile, the value of retail sales was provisionally estimated at 218.9 billion yuan (US$26.47 billion), up 10.6 percent over the previous year.
Retail sales in urban areas were estimated at 109.8 billion yuan (US$13.28 billion), 12.4 percent more than the previous year, and retail sales in county towns and rural areas were estimated at 109.1 billion yuan (US$13.19 billion), arise of 8.1 percent, according to the provincial statistics bureau.
The increasing purchasing power of residents has also driven flourishing sales of mobile phones, computers, air conditioners and other top-grade and luxury commodities, according to the provincial statistics bureau.
(Edited by china.org.cn February 8, 2003)
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