Mianyang's Fixed Asset Investment Growth Rate Ranks First in Sichuan Pronvice
2018-06-29

Mianyang's fixed asset investment increased by 17.6% from January to May

The municipal development and reform commission said that from January to May in 2018, Mianyang's accumulated total fixed assets investment increased by 17.6%, and its growth rate ranked first in Sichuan province.

Since the beginning of 2018, Mianyang has been implementing the "project year" program and put project as the priority in economic work. Investments have shown rapid growth. Statistics show that from January to May, Mianyang's accumulated fixed asset investment increased by 17.6%, which ranked first in Sichuan province. Mianyang moved up by 13 with the growth rate of 10.5%, seven percentage points higher than the average in Sichuan. The growth rate of Mianyang was higher than the average growth rate in Sichuan for 13 consecutive months, 2.6 percentage points higher than the annual target (15%). The total investments completed 42.2% of the annual target, 0.5% over time progress, and ranking 6th in the province, up 2 places over the same period of last year.

While the city¡¯s investment has shown rapid growth, the supporting impact of big projects was also obvious. Statistics show that from January to May this year, investment in projects with more than 50 million yuan increased by 44.2%. At the same time, industrial investment grew rapidly. From January to May this year, investments in the first industry increased by 2.2%. Investments in secondary industries increased by 48.3%, of which the industrial investment increased by 50.5%. Investment in technological transformation industries increased by 43.1%. It provided strong support for investment and greatly enhanced the city's potential for economic development in the future. Investments in the tertiary industries increased by 5.6%, of which investments in the transportation decreased by 8.4%, and the downward trend slowed. Investments in the private sector increased by 20.7%, maintaining a growth rate of more than 20% for four consecutive months. Real estate development investment increased by 6.6%, and the warming trend of the market will continue.