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Economic quarterly: Jingzhou’s fixed-asset investment seeing a good start
Updated: 2018-04-25 15:31:01

In the first quarter of this year, Jingzhou continued to play the vital role of investment optimized supply structuring by taking projects as the gripper, which contributed to the good start of Jingzhou. Agriculture-related fields had rapid investment growth while the acceleration of technical innovation and the improvement of industrial company performance promoted the industrial investment to develop stably and soundly. Private investment market continued to become larger and the real estate market kept the healthy growth

In the first quarter, the fixed-asset investment of Jingzhou achieved an increase of 10.7% year on year. Its primary industry investment increased rapidly. Under the continuous promotion of agriculture supply-side structural reform and poverty alleviation, agricultural industrial projects moved fast to be launched while the rural revitalization strategy was advanced steadily. The investment of primary industry in the first quarter increased 20.1% year on year, growing by 25.9 percentage points compared with that of last year. Continued projects such as agricultural eco-tourism, migration relocation, featured town, and beautiful village were under construction.

Its industrial investment obtained a year-on-year growth of 1.2%, a positive growth for the first time since last year. Among them, the technical innovation investment of industrial companies increased 278.6%, the highest monthly growth rate since 2016. Benefited by more and more environmental policies, most demand and supply in terms of chemical industry backed to balanced growth level and the industry prosperity had been improved significantly while parts of companies were much more inclined to invest. The chemical industry investment of Jingzhou increased 60.9% with a growth rate of 73.9 percentage points compared to last year. Besides, special equipment manufacturing investment increased 67% while the auto manufacturing industry investment 19.6%. There were 79 completed industrial projects in the whole city, 35 more than last year with a growth rate of 79.5%.

Private investment recovered stably and rapidly and the market continued to become larger and larger. 2018 marks the year of business environment improvement. This year, private investment continued to obtain a good and recovery trend of last year and the overall private investment of Jingzhou increased 9.2% compared to last year.

Investment in real estate had been kept at high level with good sales while its price was steadily on the raise. The investment in real estate development obtained a year-on-year growth of 51.6%. Among them,residential development investment increased 80.5% year on year with a growth rate of 20.5 percentage points compared to last year. Inventory reduction had been promoted continuously. Thus in the first quarter, the saleable area of commodity units realized a growth of 44.6% year on year. Among them, the average sales price of urban residential was RMB 7,771, increasing RMB 2,541 year on year and RMB 1,875 more than the fourth quarter of last year. Inventory reduction of commercial residential continued to be promoted. By the end of this first quarter, the commercial residential area for sales had been 277, 000 square meters, down 57% year on year. Among them, residential area had been179, 000 square meters, down 61.1% with a continuous reduction.

(Reporter: Li Xuhua)

 


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