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Anhui's Fixed-Asset Investment up 12.1% in Jan-Oct

Pub Date:2018-12-07 10:12 Source:www.cnanhui.org

Anhui’s fixed-asset investment (FAI) grew 12.1 percent between January and October, up from 11.9 percent during the first three quarters this year, data from the local statistics bureau showed.

The rise brought the province to the 3rd spot among 31 Chinese mainland provinces. Meanwhile, it was ranked first in the Central China region.

The manufacturing sector became a major driving force behind the investment growth as it contributed to 63 percent of the FAI increase during the Jan-Oct period.

industrial investment rose 19.9 percent year-on-year. Investment in manufacturing increased 27.1 percent, up 5.2 percentage points from the first three quarters and 16.6 percentage points from the same period a year ago.

Investment in the real estate sector increased 12.3 percent year-on-year, down from the 8.4 percent rise recorded from January to September. That indicated a declining dependence on the property market.

Infrastructure investment rose 8.1 percent, down 0.6 percentage points from the Jan-Sep period.


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