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Hunan’s fixed-asset investment up 10.4% in first two months

2022-03-24

In the first two months this year, Hunan province launched a new round of project construction and the province’s fixed-asset investment kept a steady growth of 10.4% over last year, according to statistics released on March 21.

 

The construction of Sinoboom International Intelligent Manufacturing Town is in full swing. The project is designed to be a world-class lighthouse factory. An aerial work equipment industrial cluster featuring “Sinoboom Intelligent plus supporting industries” will be formed in Changsha. 
 
Xiangjiang Intelligent Connected Industrial Park will invest 42 billion yuan in building a hub of intelligent network industry. Many projects and wide project layout promoted the rapid growth of industrial investment in the first two months this year. Among them, the investment in manufacturing industry and high-tech industry increased by 28.4% and 27.6% respectively. The growth rate of investment in instrument manufacturing and special equipment manufacturing both exceeded 38%. 
 
The province has continued to increase investment in infrastructure and people’s livelihood projects. In February alone, 271 of 1,428 major projects that were started in the province were about infrastructure, such as 220-500KV power transmission and transformation, and rural power grid transformation and upgrading. There were 160 people’s livelihood projects, such as Hunan Grand Theater Moon Island Art Center project and Xiangxi Medical Education and Health Town. 
 
From January to February, the province’s infrastructure investment increased by 4.4%. Among people’s livelihood projects, investment in education grew by 26.7%, and that in health and social work increased by 22.1%. 
 
It was worth mentioning that private investment contributed to 98.8% of the total investment in the province.