Since the beginning of this year, Hunan Province has stepped up efforts to stabilize investment, with fixed-asset investment growing steadily. Data from the Hunan Provincial Bureau of Statistics showed that from January to February, Hunan's investment increased by 7.1% year-on-year, 0.5 percentage points faster than the previous year. Investment in construction projects increased by 12.0%, showing a rapid growth trend.

In pursuing economic growth, Hunan continues to focus on the real economy. Investment in the real economy has maintained a good momentum. This year, the province has continued to implement 48 key projects for industrial development, with an investment of nearly 10 billion yuan completed. At present, the annual investment progress for Sany Smart Steel Industry City and Xingchao Automobile New Energy Base projects stands at 20% and 33.3% respectively. From January to February, the province's industrial investment increased by 22.7% year-on-year, 8.2 percentage points faster than the previous year and 15.6 percentage points faster than the province's total investment. Among them, investment in manufacturing accounted for more than 80%, an increase of 19.6%.

Hunan has carried out industrial projects construction to boost investment confidence and unleash the vitality of private investment. From January to February, Hunan's private investment continued its momentum last year, representing a year-on-year increase of 8.9% and contributing 83.9% to the province's total investment. It boosted the province's investment growth by 6 percentage points.

The province has developed strategic emerging industries and high-tech industry investment has achieved remarkable growth. The province has rolled out 42 new key projects in the electronic information manufacturing industry, each with an investment of more than 500 million yuan. The total investment reached 138.5 billion yuan. After the projects enter full-capacity production, it is expected to increase annual revenue by more than 150 billion yuan. From January to February, investment in high-tech industries increased by 13.6%, 6.5 percentage points faster than the province's total investment.

This article is from the Hunan Provincial Government www.enghunan.gov.cn.

Translator: Xiao Juan

Chinese source: hunan.gov.cn