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MIL OSI Translation. Region: Peoples Republic of China-China Statistical Information Network-Chinese-

   In the first three quarters, as the domestic epidemic prevention and control achieved major results and various policies for stabilizing investment have taken effect, the investment growth rate has turned from negative to positive. The planned total investment of newly-started projects has continued to run at a high level, and the growth of investment funds has accelerated. Among them, infrastructure investment turned from decline to increase, manufacturing investment and private investment continued to narrow, and investment in high-tech industries, society, and electricity grew rapidly.

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   1. Investment growth rate returns to positive growth

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  In the first three quarters, investment in fixed assets nationwide increased by 0.8% year-on-year, achieving a positive return for the first time in the year, while investment in the first three quarters, first half and first half of January to August fell by 0.3%, 3.1% and 16.1%.

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In terms of regions, investment in the eastern region increased by 2.5% year-on-year, and the growth rate was 0.7 percentage points faster than that from January to August; investment in the central region fell by 4.3%, and the rate of decline narrowed by 2.0 percentage points; investment in the western and northeastern regions increased by 3.3% and 2.9%, respectively , The growth rate was 0.6 and 0.7 percentage points faster than that from January to August respectively. At present, investment in 27 provinces (autonomous regions and municipalities) across the country has achieved growth.

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In terms of industries, investment in the primary industry increased by 14.5% year-on-year, and the growth rate was 3.0 percentage points higher than that from January to August; investment in the secondary industry fell by 3.4%, and the rate of decline narrowed by 1.4 percentage points; investment in the tertiary industry increased by 2.3%, the growth rate Speed ​​up by 0.9 percentage points.

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   Investment in the second and three major sectors continues to rebound

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   The growth rate of infrastructure investment turned from negative to positive. In the first three quarters, infrastructure investment increased by 0.2% year-on-year, and fell by 0.3% from January to August. Among them, the investment in the information transmission industry increased by 19.2%, and the growth rate was 0.8 percentage points higher than that from January to August; the investment in the road transportation industry increased by 3.0%, which was 0.1 percentage point faster; the investment in the ecological protection and environmental treatment industry increased by 4.7%, from January to August To decrease by 0.1%; investment in the railway transportation industry and investment in the water conservancy management industry increased by 4.5% and 0.9% respectively.

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   Manufacturing investment gradually recovered. In the first three quarters, manufacturing investment fell by 6.5% year-on-year, and the rate of decline narrowed by 1.6 percentage points from January to August. Among them, the decline of equipment manufacturing investment narrowed by 1.6 percentage points; the decline of consumer goods manufacturing investment declined by 2.2 percentage points; the decline of energy-intensive manufacturing investment decreased by 0.8 percentage points.

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   Real estate development investment has accelerated. In the first three quarters, real estate development investment increased by 5.6% year-on-year, and the growth rate was 1.0 percentage point higher than that from January to August. Among them, residential investment increased by 6.1%, and the growth rate accelerated by 0.8 percentage point. The funds available for real estate development enterprises increased by 4.4%, and the growth rate accelerated by 1.4 percentage points. The floor space newly started by real estate development enterprises fell by 3.4%, and the rate of decline narrowed by 0.2%.

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   3. Rapid growth of investment in high-tech industries

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  In the first three quarters, investment in high-tech industries increased by 9.1% year-on-year, and the growth rate was 0.9 percentage points higher than that from January to August. Since January to May, the growth rate has steadily picked up month by month.

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  High-tech manufacturing investment increased by 9.3% year-on-year, and the growth rate was 0.5% faster than that from January to August. Among them, the investment in the pharmaceutical manufacturing industry increased by 21.2%, the investment in the computer and office equipment manufacturing industry increased by 9.3%, the investment in the electronics and communication equipment manufacturing industry increased by 7.4%, and the investment in the medical equipment and instrumentation manufacturing industry increased by 4.1%.

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   The investment in the high-tech service industry increased by 8.7% year-on-year, and the growth rate was 1.5 percentage points higher than that from January to August. Among them, the investment in the e-commerce service industry increased by 20.4%, the investment in the information service industry increased by 16.9%, and the investment in the transformation of scientific and technological achievements increased by 16.8%.

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   Fourth, the rapid growth of investment in people’s livelihood

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  In the first three quarters, investment in the social sector increased by 9.2% year-on-year, and the growth rate was 1.1 percentage points faster than that from January to August. Among them, investment in education increased by 12.7%, an acceleration of 0.9 percentage points; investment in health increased by 20.3%, an acceleration of 2.6 percentage points.

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   The investment in the production and supply of electricity, heat, gas and water increased by 17.5% year-on-year, and the growth rate has been operating at a high level for many months. Among them, the investment in the production and supply of electricity and heat increased by 16.1%, the investment in the production and supply of gas increased by 14.6%, and the investment in the production and supply of water increased by 22.7%.

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   5. The decline in private investment continues to narrow

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   In the first three quarters, private investment fell by 1.5% year-on-year, and the rate of decline narrowed by 1.3 percentage points from January to August. Among them, private investment in agriculture, forestry, animal husbandry and fishery increased by 10.3%, an increase of 3.0 percentage points from January to August; private investment in real estate development increased by 5.5%, an acceleration of 1.2 percentage points; private investment in the social sector increased by 2.4%, an acceleration of 0.8 percentage points; The decline of private investment in manufacturing narrowed by 1.6 percentage points.

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The leading indicators of investment continued to improve. In the first three quarters, the planned total investment in newly-started projects increased by 14.6% year-on-year, and the growth rate was 2.5 percentage points higher than that from January to August; investment in place increased by 4.8%, and the growth rate accelerated by 1.1 percentage points, especially The growth rate of state budget funds is as high as 29.3%. The supply and demand of major investment products have improved steadily. In the first three quarters, the growth of steel production has accelerated, the decline in cement production has narrowed, and the overall market demand has improved. The production and sales of related construction machinery products such as excavation and soil shovel transportation machinery are booming.

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   (The author is the Director of the Investment Department of the National Bureau of Statistics)

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   (Original link: http://www.ce.cn/xwzx/gnsz/gdxw/202010/20/t20201020_35910219.shtml)

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EDITOR’S NOTE: This article is a translation. Apologies should the grammar and/or sentence structure not be perfect.

MIL Translation OSI