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Investment in Fixed Assets
The completed investment in fixed assets in 2006 was 146.054 billion yuan, up by 10.1 percent over the previous year and representing a decrease of 5.2 percentage points over the previous year. Of the total, the super-scale investment in fixed assets was 137.324 billion yuan, up by 7.5 percent. According to the investment structure, the investment in the primary industry was 0.179 billion yuan, up by 28 percent. The investment in the secondary industry was 46.514 billion yuan, up by 4.5 percent. Of the total, the investment in industry was 46.403 billion yuan, up by 4.5 percent. The investment in the tertiary industry was 90.631 billion yuan, up by 9.0 percent.
Investment in Real Estate
The development investment of real estate in the whole year totaled 44.245 billion yuan£¬up by 7.8 percent over the previous year. The total floor space of the commercial buildings under construction reached 45.4533 million square meters, up by 7.9 percent and that of commercial buildings completed amounted to 7.258 million square meters, down by 19.6 percent. The prosperity of sales kept smooth. The floor space of the sold ones reached 7.625 million square meters, up by 8.3 percent and of which the floor space of the sold commercial residential buildings stood at 6.7927 million square meters, up by 9.4 percent.

Table:3   Investment in Fixed Assets and Its Growth      Unit: billion yuan

Item

2006

Increase over 2005 (£¥)

Investment in Fixed Assets

146.054

10.1

  Of which:Real Estate

44.245

7.8

  Of which:The super-scale investment in fixed assets

137.324

7.5

    the primary industry

0.179

28

    the secondary industry

46.514

4.5

      Industry

46.403

4.5

    the tertiary industry

90.631

9

There were 747 new foreign direct-funded projects signed in the year. The contractual value of foreign investment totaled 5.38 billion US dollars, up by 34.3 percent over the previous year and the foreign investment actually utilized reached 2.255 billion US dollars, up by 31.7 percent. The quality of utilizing foreign funds was improved. Of the total new established foreign-funded projects, the projects of total contractual investment over 10 million US dollars amounted to 327. The contractual value in these projects totaled 4.535 billion US dollars, sharing 84.3 percent of the total foreign investment. The contractual value of foreign investment in the tertiary industry was 2.584 billion US dollars, up by 36.8 percent and the investment actually utilized was 996 million US dollars, up by 49.7 percent. By the end of 2006, there were 87 enterprises built in Hangzhou funded by 53 companies of the World Top 500 Companies.

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