Since the beginning of this year, Jingzhou’s fixed assets investment has maintained a growth rate of over 30%. In the first ten months, Jingzhou completed a fixed assets investment of 106.21 billion yuan, up 30.6% from last year, exceeding its total fixed assets investment last year.
In the first ten months, Jingzhou completed a fixed assets investment of over 100 million yuan and was one of the four cities and prefectures to achieve fixed assets investment of over 100 billion yuan in Hubei Province, 3.9 percentage points above the province’s average level and ranking 4th in the province. The fixed assets investment of Jiangling County, Shashi District and Jianli County was respectively up 42.1%, 34.3% and 33.2% from last year, ranking among the top three in the city.
In the first ten months, Jingzhou’s fixed assets investment had four main features:
First, state-owned investment grew fast to reach 24.73 billion yuan, up 49.8% from last year, 19.2 percentage points above the growth rate of fixed assets investment. A collection of state-owned investment projects progressed smoothly, including infrastructure of Huazhong Agricultural High-tech Industrial Zone, dam reinforcement of south Jingzhou’s four rivers, Jingzhou-Gongan-Shishou gas pipeline, grain production capacity and Jingzhou Sports Center.
Second, the rate of contribution of tertiary industry increased significantly. In the first ten months, Jingzhou’s tertiary industry completed an investment of 44.08 billion yuan, up 26.7 percentage points from the same time last year, including an investment of 13.07 billion yuan in real estate and an investment of 18.98 billion yuan in traffic and water infrastructure, up 81.8% and 64.5% from last year respectively.
Third, key project construction was intensified. In the first ten months, there were 442 major projects under construction with an investment of over 100 million yuan each in Jingzhou, up 132 from last year. An array of projects like Kaile-YOFC, Daming Aquatic, Valeo, Guoshun Aluminum and Jiahebao Kitchenware were completed and are up and running.
Fourth, factor support was well connected. Seven key projects acquired intended bank loans of 2.38 billion yuan through bank-enterprise matchmaking meetings; 27 key projects acquired provincial land quotas of 234 hectares; and nearly 500 projects acquired central and provincial funds of 2.11 billion yuan.