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15 July 2015

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Private Investment Recovery during January and May

2017-06-21 T | T Download Print

On June 19, the Hunan Statistics Bureau announced Hunan’s fixed assets investment status during January and May. Hunan private investment is picking up.

Hunan invested more than 924 billion yuan in fixed assets in the first five months of 2017, an increase of 12.3% over the prior year. As a province, Hunan ranked 11th nationwide in such investments. It’s growth rate was 12th in China.

Infrastructure and livelihood projects investment remains the most powerful driving force in investment growth, with a cumulative growth rate of more than 20% and 30% respectively. Eco-environmental investment is also on the rise.

Hunan private investment showed a rapid surge, exceeding 535 billion yuan between January and May. This is an increase of 8.5% over the same period of last year. The growth was 1.9 percentage points higher than first quarter rate and 1.6 percentage points higher than the first four months. Hunan private investment accounted for 57.9% of the provincial total.

Private investment recovery suggests that the Hunan economic environment has improved, and that the real economy has registered stable benefits as the result of a number of policies that promote private investment which have been gradually implemented, and private enterprise confidence in investment has increased.

Please refer to www.enghunan.gov.cn when using the article.

Translator: Xiao Juan

Chinese source: hunan.gov.cn