China's Fixed Asset Investment Grows Faster

Home>>Business

Last updated at: (Beijing Time) Saturday, March 01, 2003

China's Fixed Asset Investment Grows Faster

DISCUSSION

CHINESE

SEND TO FRIEND

China's completed investment in fixed assets was 4.32 trillion yuan (520.5 billion US dollars) in 2002, up 16.1 percent over the previous year, the highest growth rate since 1996, Commissioner of the National Bureau of Statistics Zhu Zhixin announced Friday.

Zhu said the investment in fixed assets by state-owned and other enterprises grew by 17 percent over 2001, and the growth of investment in capital construction was 16.4 percent.

In 2002, the construction of key projects progressed smoothly, including the second phase of the Three Gorges project, the Qinghai-Tibet railway and the West-East electricity transmission project, Zhu said.

Questions?Comments? Click here

China's Fixed Asset Investment Sees Rapid Growth

Which Country, China or Japan, Does Russian Oil Pipeline Lead to? ( 3 Messages)

Chinese Fast Food Chains Battle Foreign Competitors ( 4 Messages)

Chinese Commemorate Dead Soviet Pilots ( 3 Messages)

China-ASEAN Economic Cooperation Upgraded ( 2 Messages)

Japan Strives to be Major World Power: Analysis ( 7 Messages)