Investment in fixed assets registered drastic growth. In 2001, investments in fixed assets completed by all sectors of society totaled 3,689.8 billion yuan, an increase of 12.1 percent over 2000. Of this total, the investment by the State-owned sector and units of other types of ownership was 2,640.1 billion yuan, up 12.8 percent; that by the collective sector was 518.9 billion yuan, up 8.1 percent; and by urban and rural residents was 530.8 billion yuan, up 12.7 percent. The investment in capital construction was 1,456.7 billion yuan, up 8.5 percent; that in technical updating and transformation reached 588.9 billion yuan, up 15.3 percent; and that in real estate development amounted to 624.5 billion yuan, up 25.3 percent. Investment in other areas was 1,019.7 billion yuan, a rise of 8.5 percent.

Investment structure was further improved. The investment in the primary industry totaled 88.8 billion yuan, basically equal to the level in 2000. The investment in the secondary industry was 863.3 billion yuan, up 7.8 percent, of which the investment in the raw material industry rose 17 percent, in machinery and electronics industry 21.7 percent, and in light and textile industries 23.9 percent. The investment in the tertiary industry reached 1,830.6 billion yuan, up 17.6 percent, of which the investment in transportation, posts and telecommunications increased 13.7 percent, and that in real estate, public service and consulting service grew 24.1 percent. Construction was sped up on key infrastructure projects under construction, including the transformation of rural power grids, building of national highways and major water conservancy engineering projects.

Investment in the western region maintained fast growth. In 2001, the investment in the eastern and central regions was 1,558.3 billion yuan and 631.6 billion yuan respectively, up 13.3 and 16.3 percent, while that in the western region totaled 407.4 billion yuan, up 19.3 percent, a rate much higher than that in the eastern and central parts. Construction began on the Qinghai-Tiber Railway, the west-to-east power transmission project and a number of other key projects.

The newly-increased annual produc-tion capacity in 2001 through capital construction projects included: 10.81 million tons of coal mining, 18.98 million tons of oil extraction, 2.1 billion cubic meters of natural gas extraction, 14.98 million kw of installed capacity of large and medium-sized generators, and 53.47 million kva of the 110,000-volt and above power transformer equipment. The year 2001 also saw the operation of 1,210 km of main lines of new trunk railways, 1,443 km of double-track railways, and 29,278 km of new highways, including 3,017 km of expressways. Newly built or expanded 10,000-ton class harbors and wharves had an annual handling capacity of 57.9 million tons of cargo, and newly added office telephone switching capacity amounted to 31 million lines. The new optical-fiber cables stretched for 250,000 km, and newly added capacity of digital cellular mobile telephone switching system was capable of accommodating 80 million subscribers.