The completed fixed assets investment of the country in 2006 was 10.987 trillion yuan, up 24 percent over the previous year. Of the total investment, that in urban areas was 9.3472 trillion yuan, shooting up 24.5 percent, and that in rural areas reached 1.6397 trillion yuan, growing 21.3 percent.
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The Three Gorges Project is the world's largest water conservancy project. The year 2006 saw a rapid increase in China's overall fixed assets investment, a critical driving force behind China's economic growth.
The completed investment in eastern areas stood at 5.4546 trillion yuan, up 19.3 percent over the previous year; that in central areas was 2.0905 trillion yuan, up 30.6 percent; that in western areas was 2.1916 trillion yuan, up 25.4 percent; and that in northeastern areas reached 1.052 trillion yuan, up 36.2 percent.
In urban areas, the investment by state-owned and state-holding enterprises was 4.5212 trillion yuan, gaining 16.9 percent over the previous year. The investment in the primary industry was 110.2 billion yuan, up 30.7 percent; that in the secondary industry was 3.976 trillion yuan, up 25.9 percent; and that in the tertiary industry was 5.2611 trillion yuan, up 23.3 percent.
In 2006, the investment in real estate development was 1.9382 trillion yuan, up 21.8 percent. Of this total, the investment in commercial housing reached 1.3612 trillion yuan, an increase of 25.3 percent. The completed floor space of commercial housing projects totaled 530.19 million square meters, down 0.6 percent. The total sales of commercial housing came to 2.051 trillion yuan. Of this total, the sales of the forward delivery housing were 1.4366 trillion yuan, accounting for 70 percent.
Newly Increased Production Capacity Through Fixed Assets Investment
Item Unit Volume Newly increased power generating capacity 10000 kw 10117 Power transformer equipment with a capacity of over 220,000 volts 10000 kva 15531 New trunk railways put into operation km 1605 Double-track railways put into operation km 705 Electrified railways put into operation km 3960 Newly constructed highways km 93720 Of which: Expressways km 4325 Newly increased cargo-handling capacity of 10000-ton berths at harbors 10000 tons 45726 Newly installed capacity of telephone switchboards 10000 gates 3067 Newly increased length of optical-fiber cables 10000 km 19 Newly installed capacity of digital cellular mobile phone switchboards 10000 12818
The Qinghai-Tibet railway was fully put into operation on July 1, 2006. A total amount of 11.9 billion yuan worth of investment was completed for the first phase of eastern and central routes of the South-to-North Water Diversion Project. The total completed investment in the Three Gorges Project stood at 131.3 billion yuan. The power generators, which were currently in operation, had produced 49.2 billion kwh of electricity in 2006, with an accumulated electricity generation of 146.1 billion kwh since the very beginning.