East China’s Jiangsu province reported a year-on-year growth of 3.5% in its fixed asset investment January through April, the provincial statistics bureau said on Tuesday.
From January to April, the province's high-tech industry investment increased by 20.5% year-on-year, 17 percentage points higher than the province’s total investment.
Investment in high-tech manufacturing and high-tech services increased by 23.5% and 7.9% year-on-year.
The province reported rapid growth in ten of the 14 high-tech industries with respective growth of 28.7%, 29.1%, 42.7% and 17.6% in electronic and communication equipment manufacturing, medical equipment and instrument manufacturing, scientific and technological achievements transformation and services, and information services.
In the first four months, Jiangsu reported a 17.8% year-on-year increase in manufacturing investment, 14.3 percentage points higher than the province's total investment. Growth was reported in 25 of the 31 industry sectors in the manufacturing industry, accounting for 80.6%.
From January to April, Jiangsu registered 2,553 1-billion-yuan large projects under construction, an increase of 396 over the same period of the previous year, up 18.4% year-on-year by increasing investment by 11.2% year-on-year.
Investment projects boosted the total investment growth by 2.9 percentage points, contributing 83.3% to the investment growth rate, and the investment in projects with an investment of more than 1 billion yuan increased by 15.1%.
