Latest statistics shown that non-state-owned economies has become the main source for fixed assets investment in Shanghai last year.

A total of 186.1 billion yuan was poured into fixed assets investment last year, while the investment from non-state-owned economies reached 96.939 billion yuan, accounting for 52 percent of the total.

Meanwhile, investment from private enterprises and overseas-funded enterprises rose from 18.8 percent to 21.9 percent of the total.

Experts concluded that reforms in relevant policies have successfully encouraged non-state-owned economies to participate in fixed assets investment.

Statistics also shown that fixed assets investment in the tertiary and industrial industries reached 118.9 billion yuan and 49.31 billion yuan respectively, while that in the agricultural sector only totaled 583 million yuan.

A total of 45.135 billion yuan was put into urban infrastructure facilities, including 14.63 billion yuan in the facilities of transportation and communications.

Investment in real estate started to rise vigorously after three consecutive years of downturn, reporting a 14 percent increase over that in 1999.

(21dnn 01/11/2001)