Home » Business » China’s Fixed Asset Investment Continues to Grow with Accelerated Manufacturing Investment – National Bureau of Statistics

China’s Fixed Asset Investment Continues to Grow with Accelerated Manufacturing Investment – National Bureau of Statistics

National Bureau of Statistics: my country’s fixed asset investment continues to grow and manufacturing investment growth accelerates

Xinhua News Agency, Beijing, October 2 (Reporters Wei Yukun and Pan Jie) The National Bureau of Statistics recently released data showing that in the first eight months of this year, the national fixed asset investment (excluding rural households) was 32,704.2 billion yuan, a year-on-year increase of 3.2%, and the growth rate was 32.7042 billion yuan. It fell by 0.2 percentage points from January to July. Among them, manufacturing investment increased by 5.9% year-on-year, 2.7 percentage points higher than all fixed asset investment.

Fu Linghui, spokesperson of the National Bureau of Statistics, said that my country’s manufacturing industry is in the stage of structural adjustment and optimization. Some industries are facing production capacity adjustments and product structure upgrades, while emerging industries are developing well and have strong investment growth momentum. Investment in the manufacturing industry is The supporting effect is obvious. In the first eight months, manufacturing investment increased by 5.9% year-on-year, 0.2 percentage points faster than the growth rate from January to July. Among them, investment in equipment manufacturing increased by 14.3%. Driven by the improved development of new energy vehicles, investment in the automobile manufacturing industry increased by 19.1% in the first eight months.

Statistics show that investment in high-tech industries is growing at a good pace. In the first eight months, investment in high-tech industries increased by 11.3% year-on-year, and the growth rate was 8.1 percentage points higher than that of all fixed asset investment. Among them, investment in high-tech manufacturing increased by 11.2% year-on-year, and the growth rate was 5.3 percentage points higher than investment in manufacturing; investment in high-tech services increased by 11.5% year-on-year, and the growth rate was 10.6 percentage points higher than investment in the service industry.

Investment in areas related to people’s livelihood continues to increase. In the first eight months, investment in the production and supply industry of electricity, heat, gas and water increased by 26.5%, and agricultural investment increased by 10.4%.

“Recently, relevant departments have introduced a series of measures to stabilize and expand private investment, which will play a positive role in stimulating the vitality of private investment.” Fu Linghui said that in the next stage, with the effective play of government investment and policy incentives, stable Real estate market policies are gradually taking effect, endogenous motivation for investment is expected to increase, and the investment structure will continue to be optimized, which is conducive to promoting high-quality economic development.

2023-10-02 15:57:36
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