16.Apr .2021 22:30

China Records 25.6% Growth of Investment in Fixed Assets, 37.3% in High-Tech and 31.7% in Social Sectors

China Records 25.6% Growth of Investment in Fixed Assets, 37.3% in High-Tech and 31.7% in Social Sectors
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Gross domestic product (GDP) of China in the first quarter of 2021 reached 24,931.0 billion yuan, up by 18.3 percent year on year. A good start of the country’s economy has been witnessed in each sector. Significant growth has been shown at investments in fixed assets, high-tech industry and social sector.  
 
 According to the recent data of the National Bureau of Statistics of China, in the first quarter, the investment in fixed assets (excluding rural households) reached 9,599.4 billion yuan, up by 25.6 percent over that of last year, or up by 2.06 percent quarter on quarter with an average two-year growth of 2.9 percent. In March, the investment in fixed assets (excluding rural households) grew by 1.51 percent month on month. Specifically, in the first quarter, the investment in infrastructure was up by 29.7 percent year on year, an average two-year growth of 2.3 percent; manufacturing up by 29.8 percent year on year, an average two-year decrease of 2.0 percent and real estate development up by 25.6 percent year on year, an average two-year growth of 7.6 percent. 
 
The floor space of commercial buildings sold reached 360.07 million square meters, up by 63.8 percent year on year, an average two-year growth of 9.9 percent. The total sales of commercial buildings were 3,837.8 billion yuan, up by 88.5 percent year on year, an average two-year growth of 19.1 percent. 
 
By industry, the investment in the primary industry went up by 45.9 percent year on year, with an average two-year growth of 14.8 percent; that in the secondary industry up by 27.8 percent year on year, with an average two-year decrease of 0.3 percent; and that in the tertiary industry grew by 24.1 percent year on year, an average two-year growth of 4.0 percent. The private investment went up by 26.0 percent year on year, an average two-year growth of 1.7 percent. 

The investment in high-tech industries grew by 37.3 percent year on year, an average two-year growth of 9.9 percent. Specifically, the investment in high-tech manufacturing and high-tech services grew by 41.6 percent and 28.6 percent year on year respectively, with an average two-year growth of 10.7 percent and 8.2 percent respectively. In terms of high-tech manufacturing, the investment in manufacturing of medical equipment, measuring instruments and meters and in manufacturing of computers and office devices grew by 50.0 percent and 49.5 percent year on year respectively, with an average two-year growth of 9.1 percent and 24.2 percent respectively. In terms of high-tech services, the investment in testing services and in research, development and design services went up by 55.7 percent and 48.2 percent year on year respectively, an average two-year growth of 14.8 percent and 21.5 percent respectively. 

The investment in social sectors went up by 31.7 percent year on year, with an average two-year growth of 9.6 percent. Specifically, the investment in health sector and education sector went up by 50.9 percent and 27.0 percent year on year respectively, an average two-year growth of 22.3 percent and 10.4 percent respectively.