Official figures show investment by the private sector infixedassets such as factory buildings and machinery grew nearly threefold between 2000 and 2005 (see chart).
The National Bureau of Statistics said urban investmentinfixedassets such as roads, power plants and apartment buildings rose by 26.5% in January and February from a year earlier, beating market forecasts for a 21.5% increase.
That's because over half theinvestment portfolios of both Ping An and China Life are in bonds and other fixed-income assets, while only 10% is in equities.