East China’s Jiangsu province posted remarkable growth in manufacturing investment from January to October, showing obvious supporting role and optimizing the investment structure further.
The data shows that from January to October, the province recorded 1.34 trillion yuan of investment in the manufacturing sector, a year-on-year increase of 9.4%, and 0.5 percentage points higher than that in the January-September period.
The figures accounted for 41.4% of province’s total investment and contributed 67.4% to investment growth.
The investment in the non-metallic mineral products industry, textile industry, electronics and steel industry grew by 20.8%, 19.1%, 18.8% and 15.1% respectively.
Both production and sales are booming, driving investment to increase further. At the same time, transformation and upgrading and innovation-powered growth have become an important driving force for manufacturing investment growth.
From January to October, the province's industrial technology investment increased by 10.5% year-on-year, 3.9 percentage points higher than total industrial investment, indicating the sector’s strong willingness to seek further transformation.
(Source: ourjiangsu.com)
