BEIJING, May 29 (Xinhua) -- Fujian, a coastal province located in southeast China, saw its fixed-asset investment up 13.1 percent year on year in the first four months, with service sector attracting more investment, reported Fujian Daily citing Fujian Provincial Bureau of Statistics.
During January and April, fixed-asset investment in Fujian’s service industry jumped 13.9 percent year on year, 0.2 percentage points higher than the comparable data in the first quarter. Part of producer service sectors witnessed robust fixed-asset investment growth, with wholesale sector up 45.8 percent, information transmission, software and IT services sector up 26.4 percent, and scientific R&D and technical service sector up 17.7 percent year on year in the first four months.
Also noteworthy is the province’s accelerating private fixed-asset investment, which rose 22.3 percent over the same period of 2017, 3.9 percentage points higher than the growth in the first quarter of this year and contributing as much as 86.2 percent of the provincial fixed-asset investment growth. Private fixed-asset investment in industrial sector in Fujian stepped up 18.3 percent year on year, 4.8 percentage points more than growth in the first quarter.
For manufacturing sector, investment in different sub-fields diversifies. Fixed-asset investment in consumer goods manufacturing sector and petroleum and chemical sector increased 26.7 percent and 32.6 percent year on year during January and April, 3.5 percentage points and 14.1 percentage points higher than comparable data for the first quarter. For equipment manufacturing, fixed-asset investment dropped 8.1 percent in the first four months versus a 0.1 percent growth year on year in the first quarter. (Contributed by Duan Jing, duanjing@xinhua.org; edited by Zhang Aifang)
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