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The Investment Structure Further Improves and Optimizes from January to August 2018

Submit Time:14-01-2019 | Zoom In | Zoom Out

Author: | Source:National Bureau of Statistics

Abstract:

  From January to August, investment in fixed assets (excluding farmers) nationwide was RMB 41,515.8 billion, with a year-on-year growth of 5.3%, and the investment growth decline narrowed down compared with that from January to July. At the same time, the investment growth of high-tech industries accelerated and that in weak sectors grew faster, the private investment maintained a faster growth and the investment structure was further improved and optimized. In this regard, Wang Baobin, a senior statistician from the Department of Investment and Construction Statistics of the National Bureau of Statistics, gave his interpretation.

  I. Investment growth of high-tech industries has accelerated

  From January to August, the investment of high-tech industries gained a year-on-year growth of 11.9%, 0.1% higher than that from January to July and 6.6% higher than that of total investment.

  From January to August, the investment growth of high-tech manufacturing industries was 12.9%, 0.7% higher than that from January to July and 5.4% higher than that of the investment in all manufacturing industries. Among those high-tech manufacturing industries, the investment growth of the integrated circuit manufacturing industry was 64.7%, that of optical cable manufacturing industry was 60.7%, that of photoelectronic device manufacturing industry was 58.2%, that of medical diagnosis, monitoring and treatment equipment manufacturing industry was 49.7%, that of optical fiber manufacturing industry was 21.2% and that of discrete semiconductor device manufacturing industry was 18.3%.

  From January to August, the investment growth of high-tech service industries was 10.1%, 4.6% higher than that of investment in all service industries. Among high-tech service industries, the investment growth of e-commerce service industry was 101.2%, that of the service industry of the commercialization of research findings was 29.4% and that of the environmental monitoring and governance service industry was 28.5%.

  II. Investment in weak spots grows faster

  The investment in primary industry has maintained a good growth trend. Driven by the rural vitalization strategy, the investment in primary industry has always maintained fast growth since this year. From January to August, the year-on-year growth was 14.2%, 0.5% higher than that from January to July and 8.9% higher than that of all investments. Among which, the investment in agriculture increased by 14.8%, that in animal husbandry increased by 13.7% and that in the fishery increased by 24.3%.

  The investment in the social sector has grown steadily. From January to August, the investment in the social sector increased by 12.1%, 6.8% higher than that of all investments, among which, the investment in education increased by 8.3%, that in heath increased by 11.1% and that in culture, sports and entertainment increased by 18.7%.

  III. Private investment maintains rapid growth

  From January to August, private investment grew by 8.7% on a year-on-year basis, slightly declined by 0.1% than that from January to July, but 2.3% higher than that over the same period last year. Among private investment, the investment in agriculture, forestry, animal husbandry and fishery increased by 13.9%, that in manufacturing industry increased by 8.6% and that in service industry increased by 9.4%. since the beginning of this year, private investment has shown a leading trend, which was 1.4%, 2.4% and 3.4% higher than all investments in the first quarter, the first half of the year and from January to August.

  In addition, the growth rate of the investment in manufacturing industry has rebounded for five consecutive months. From January to August, the investment in manufacturing industry increased by 7.5% on a year-on-year basis, 0.2% higher than that from January to July and 2.2% higher than that of all investments. From January to August, the investment in equipment manufacturing industry increased by 9.2%, 1.7% higher than that of all manufacturing industries. 

  

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