Hunan’s Jan-April Fixed-asset Investment up 12.2%
- May 31, 2017
- Posted by: Yolandy
- Category: Business
Hunan’s fixed-asset investment grew 12.2 percent year on year to over 649 billion yuan in the first four months of 2017, according to the official data released by the Hunan Provincial Statistics Bureau on May 22, 2017.
The fixed-asset investment has witnessed steady and sound progress this year, mainly in four aspects:
1. A comprehensive growth of industry investment: from January to April, the investment in primary, secondary, and tertiary industries amounted to more than 24 billion yuan, 228 billion yuan, and 396 billion yuan respectively, up by 30%, 1.4%, and 18.4% compared with the same period of last year.
2. A slight increase in private investment: during the first four months, Hunan’s private investment reached 370 billion yuan, an increase of 6.9%.
3. Four investment areas heating up: investment in the following three areas saw an increase of more than 20% each for several months: infrastructure projects increased by 22.1%, livelihood 35.1%, and eco-environment 29%. Investment in the real estate was up by 10.1%, 5.4 percentage points faster than the same period last year.
4. Accelerated completion in major projects investment: projects that were planned to be invested above 50 million yuan completed a total investment of 298.196 billion yuan, a year-on-year increase of 19.4% and 7.2 percentage points higher than the provincial average. They accounted for 51% of the total investment, three percentage points higher year on year. Their contribution rate was 67% to the total investment, making a growth of 8.2 percentage points to the total.