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Local

NW. China's Shaanxi reports surging fixed-asset investment in Jan.-Sept.

November 03, 2020


Abstract : The fixed-asset investment in northwest China's Shaanxi Province surged 3.9 percent year on year in the first three quarters of the year, according to the local authority.

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Aerial photo taken on Oct. 31, 2020 shows a view of Yulin Xiangdao International Logistics Park in Yulin City, northwest China's Shaanxi Province. (Xinhua/Tao Ming)

BEIJING, Nov. 3 (Xinhua) -- The fixed-asset investment in northwest China's Shaanxi Province surged 3.9 percent year on year in the first three quarters of the year, according to the local authority. 

During the same period, the year-on-year growth of industrial investment made by Shaanxi Province reached four percent, 7.3 percentage points higher than that of the country's level.

The investment in technological transformation among the total industrial investment picked up 44.3 percent year on year during the period, accounting for 17.8 percent of the province's industrial investment.

Meanwhile, the province's investment in high-tech industries surged 26.5 percent over the same period last year, of which investment in the electronics and communications equipment manufacturing industry posted a growth of 42.2 percent year on year.

The total social investment surged 38.2 percent year on year from January to September, of which investment in education and sports sectors increased by 86.2 percent and 20.8 percent year on year, respectively. 

The province also witnessed a 40.9 percent year-on-year increase of the investment in the information transmission industry, and new infrastructure projects such as 5G networks and smart city construction were launched amid the period.

(Edited by Jiang Feifan with Xinhua Silk Road, 346129473@qq.com) 

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Keyword: investment economy

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