Shanghai completed 215.84 billion yuan (US$26 billion) of fixed assets investment in year 2002, up 8.2 percent year-on-year, according to the latest statistics from Shanghai Municipal Statistical Bureau.

The city spent 78.41 billion yuan in basic construction in 2002, about 36.3 percent of the total volume of the municipal's investment in fixed assets and nearly 42.26 billion yuan in renovation, 19.6 percent of the total volume and some 72.02 billion yuan in real estate development, 33.4 percent of the total volume.

Investment dwindled in the primary industry, but increased in the secondary and tertiary industries, with the former totaling 509 million yuan with a 21.7 percent decrease year-on-year and the latter two topping nearly 72.62 billion yuan and 142.71 billion yuan with 6.2 percent and 9.4 percent increase respectively.

Statistics show investment by the state-owned sector dropped, but investment by overseas and private enterprises increased.