Fixed-asset investment in North China’s Shanxi province increased to 572.7 billion yuan ($89.68 billion) from January to July, increasing 13 percent year-to-year, according to a report released by the province’s bureau of statistics on August 26.
In the first seven months, Shanxi’s fixed-asset investment?was 1.8 percentage points higher than the national average. The growth was 0.2 percentage points higher than the province's?first half year and 4.7 percentage points higher than the first quarter.
The report showed that non-governmental investment grew rapidly in the past seven months. The province completed non-governmental fixed-asset investment of 340.12 billion yuan, raising 22.5 percent more than the same period last year. Non-governmental fixed-asset investment accounted for 59.4 percent of the province’s total, a growth rate of 11.2 percentage points higher the national average.
The first seven months of 2015 also marked increased investment in primary industry. In that period, primary, secondary and tertiary industries of Shanxi respectively completed investment of 58.15 billion, 231.73 billion yuan and 282.82 billion yuan. Investment in primary industry grew 62.3 percent compared to the last year’s first seven months, while the secondary and tertiary industries increased 6.2 percent and 11.7 percent year-on-year.
Investment in non-traditional and non-coal industries was a highlight of the first seven months. Non-traditional industries have completed investment of 123.88 billion yuan, growing 9 percent year-on-year. This part of investment accounted more than a half of the province’s total industrial investment.
On the other hand, the province’s traditional industries, including coal, coking and metallurgy had marked decreases in investment, and only the investment in electric power grew 12.1 percent over the same period last year.
