Fixed Assets Investment

The completed investment in fixed assets of the country in 2005 was 8, 860.4 billion yuan, up 25.7 percent over the previous year. Of the total investment, that in urban areas was 7,509.6 billon yuan, up 27.2 percent; and that in rural areas reached 1,350.8 billion yuan, up 18 percent.

Of the investment in urban areas, the investment by state-owned and state-holding enterprises was 4,004.7 billion yuan, gaining 17.5 percent over the previous year. The investment in the primary industry was 82.3 billion yuan, up 27.5 percent; that in the secondary industry was 3,159.8 billion yuan, up 38.4 percent; and that in the tertiary industry was 4,267.5 billion yuan, up 20 percent. In terms of different sectors, the investment in coal mining and washing rose 65.6 percent over the previous year; in the production and distribution of electric power and heat, up 33.7 percent; in the extraction of petroleum and natural gas, up 29.7 percent; in railway transportation, up 45.7 percent; in the manufacturing of transport equipment, up 51.1 percent; in textiles, up 38 percent; in education, up 8.4 percent, and in public health, up 28.9 percent.

In 2005, the investment in real estate development was 1,575.9 billion yuan, rose 19.8 percent. The completed floor space of commercial housing reached 487.93 million square meters, up 14.9 percent. Total sales of commercial housing totaled 1,808 billion yuan. Of this total, sales of completed housing accounted for 35.5 percent, and the forward delivery housing accounted for 64.5 percent.

Investment in Fixed Assets, 2005

Item	Value （100m yuan）	Increase over  2003（%）
Investment in fixed assets	88604	25.7
By urban/rural areas:
Urban areas	75096	27.2
-- Of which: By state-owned and state-controlled enterprises	40047	17.5
Rural areas	13508	18.0

Newly Increased Production Capacity Through Investment in Capital Construction, 2005

Item	Unit	Value
Newly increased power generating capacity	10000 kw	6326
Power transformer equipment with a capacity of over 110,000 volts	10000 kva	15306
New trunk railways put into operation	km	1203
Double-track railways put into operation	km	486
Electrified railways put into operation	km	863
Newly constructed highways	km	129748
-- Of which: Expressways	km	6457
Newly increased cargo-handling capacity of 10000-ton berths at harbors	10000 tons	18989
Newly installed capacity of telephone switchboards	10000 gates	4608
Newly increased length of optical-fiber cables	10000 km	53
Newly installed capacity of digital cellular mobile phone switchboards	10000	8598

In 2005, investment in key projects was implemented smoothly. A total of 14 power generators were currently in operation in the Three Gorges Project, having generated 94 billion kwh of electricity. The West-East Electricity Transmission Project from northern, middle and southern channels had built a power transmission capacity of over 32.5 million kw. The completion of the Qinghai-Tibet Railway terminated the status of zero-railway transport in Tibet. A total of 3.8 billion yuan worth of investment was completed for the first phase of eastern and middle routes of the South-to-North Water Diversion Project. The total completed investment in key projects in harnessing of the Huaihe River was 25 billion yuan.