Northeast China's Liaoning Province reported booming growth of investment in the first eight months, according to the provincial statistics bureau.

 

From January to August, the province had received total investment of 85 billion yuan (US$10.4 billion) in fixed assets, up 32.4 percent over the same period last year. Investment in infrastructure, renovation and real estate saw respective increases of 30.5, 31.2 and 25.4 percent year-on-year.

 

Investment by the private sector grew more rapidly than the state-owned sector, which totaled 518 billion yuan and 33 billion yuan respectively, up 52.2 and 9.9 percent respectively, year-on-year.

 

Statistics also indicate the province had received US$2.5 billion of foreign direct investment during the period, up 34.5percent year-on-year.

 

(Xinhua News Agency October 2, 2003)