The fixed assets investment of northeast China's Heilongjiang Province shot up by 25.4 percent year-on-year to hit 179.42 billion yuan (22.4 billion U.S. dollars) last year, according to local government statistics.

The growth rate was similar to the national average rate of 25.7 percent in 2005 and marked the second straight year that Heilongjiang registered an increase rate of over 20 percent in fixed assets investment, according to the provincial statistics bureau.

Of the total fixed assets investment last year, 163.82 billion yuan were used in urban areas, an increase of 24.4 percent year on year.

The investment in the real estate sector reached 26.76 billion yuan last year, a rise of 25 percent year on year.

Source: Xinhua