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Home >> Business
UPDATED: 17:41, October 07, 2005
Capital investment cooled down in E. China's province
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Fixed-assets investment in urban areas of east China's Jiangsu Province accumulated to 367 billion yuan (45.3 billion US dollars) in the first eight months of this year, representing a year-on-year growth of 28.1 percent.

According to the provincial statistical bureau, the growth rate was 2.5 percentage points lower than the Jan.-Jul. level of 30.6 percent.

The total investment included 750 million yuan (92.5 million US dollars) in the primary sector, up 32.5 percent; 165.5 billion yuan (20.4 billion US dollars) in the secondary sector, up 33.2 percent; and 200.8 billion yuan (24.8 billion US dollars) in the tertiary sector, up 24.1 percent.

The bureau said that between January and August, Jiangsu's real estate sector reported investment of 91.8 billion yuan (11.3 billion US dollars), up 39.7 percent. The growth rate was 5.8 percentage points lower than the year-earlier level, the bureau added.

Source: Xinhua


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