Beijing's fixed assets investment reached 282.72 billion yuan (35.08 billion U.S. dollars) in the past year, 11.8 percent higher than 2004, but 5.4 percentage points lower than the growth rate of 2004, according to the latest report issued by the Beijing Municipal Bureau of Statistics.

Of the total, fixed assets investment in urban area stood at 259.54 billion yuan (32.2 billion U.S. dollars), growing by 11.2 percent, and fixed assets investment in rural area stood at 23.18 billion yuan (2.88 billion U.S. dollars), growing by 18.7 percent, according to the report on Beijing's economic and social development in the 2001-2005 period.

In the past year, Beijing reported an investment of 152.5 billion yuan (17.73 billion U.S. dollars) in real estate development, 3.5 percent higher than 2004, but 19 percentage points lower than the growth rate of 2004.

Meanwhile, the city reported an investment of 61.07 billion yuan (7.58 billion U.S. dollars) in infrastructures, up 31.8 percent year-on-year, also indicating 20.9 percentage points higher than the growth rate of 2004.

In the 2001-2005 period, investment in fixed assets amounted to more than 1 trillion yuan (134.71 billion U.S. dollars) in Beijing, with a yearly increase of 17.7 percent on average, statistics show.

Source: Xinhua