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15 July 2015

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Hunan’s Fixed-asset Investment Grows 13.6% in the First Ten Months

2016-11-23 Download Print

Hunan’s fixed-asset investment grew 13.6 percent year on year to 2,101.433 billion yuan in the first ten months of 2016, according to the official data released by the Statistics Bureau of Hunan Province on Nov. 21.

The growth slightly accelerated from the 13.4-percent gain seen during the January-September period, the Bureau said.

The investment amount and growth in this sector ranked the tenth and fifth in China respectively.During the first ten months, investment in the primary industry amounted to 72.964 billion yuan, up 7.1 percent. Investment in the secondary industry totaled 795.87 billion yuan, up 7.0 percent, while investment in the tertiary industry witnessed an 18.8-percent rise to hit 1,232.599 billion yuan. Industrial investment rose 8.5 percent year-on-year to 771.208 billion yuan from January to October. The growth was 0.7 percentage points higher than the rate logged in the first nine months.

Investment in infrastructure, environmental protection and people’s livelihood maintained a rapid growth. From January to October, the investment in the three sectors saw a year-on-year increase of 26.9 percent, 35.5 percent, and 48.9 percent, 13.3 percentage points, 21.9 percentage points and 35.3 percentage points higher than the total investment respectively. Among them, investment in infrastructure accounted for 26.4 percent of the total investment of Hunan Province, 2.7 percentage points higher than the same period last year. Investment in property development rebounded on a monthly basis, climbing 12.1 percent year-on-year to 234.2 billion yuan during the period. The growth was 1.4 percentage points higher than the rate logged in the first nine months.

The growth rate of private fixed-asset investment increased slightly to 3.6% during the period, while the growth in the first half of this year and the first three quarters was 2.7 percent and 2.9 percent respectively, relatively low in recent ten years.

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Translator: Xiao Juan

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