Investment level to be raised

PUBLISHED : Friday, 07 August, 1998, 12:00am
UPDATED : Friday, 07 August, 1998, 12:00am

Shenzhen will raise fixed-asset investment by 3.6 billion yuan (about HK$3.34 billion) this year to 50 billion yuan, the Shenzhen Special Zone Daily said. The newspaper said the previous target had already factored in a 19 per cent year-on-year increase in the city's fixed-asset investment. The Asian financial crisis had caused Shenzhen's export-growth rate to shrink and had made it difficult to achieve a full-year growth target for gross domestic product of 14 per cent, it added.