China News Service, June 15, according to the National Bureau of Statistics website, Ding Yong, chief statistician of the Investment Department of the National Bureau of Statistics, interpreted the investment data for January-May 2020. He analyzed that from January to May, the decline in infrastructure investment has narrowed significantly The investment in the field of people's livelihood has increased, the investment in high-tech industries has increased from a decline, and the investment in real estate development has declined slightly.
Ding Yong said that with the effective control of the domestic epidemic situation and the orderly recovery of the economic and social order, under the effect of a series of stable investment policies, the construction of investment projects continued to accelerate, the decline in investment narrowed for three consecutive months, high-tech industries, social fields The growth rate of investment has changed from negative to positive. From January to May 2020, national fixed asset investment (excluding rural households) decreased by 6.3% year-on-year, and the decrease rate was 4.0 and 9.8 percentage points lower than that in January-April and the first quarter, respectively. From January to May, fixed asset investment showed the following characteristics:
Infrastructure investment decline narrowed significantly
From January to May, infrastructure investment fell by 6.3% year-on-year, a decrease of 5.5 percentage points from January to April. Among them, investment in the ecological protection and environmental governance industry increased by 2.5%; the decline in investment in the information transmission industry narrowed by 9.7 percentage points, the decline in investment in the transportation and postal industry narrowed by 6.3 percentage points, the decline in investment in the public facilities management industry narrowed by 5.3 percentage points, and water management The decline in industry investment narrowed by 4.0 percentage points.
Investment growth in the field of people's livelihood
From January to May, investment in the production and supply of electricity, heat, gas and water increased by 13.8% year-on-year, and the growth rate was 6.2 percentage points faster than that in January-April, and 13.0 percentage points faster than the same period last year, a new high since 2017. .
From January to May, investment in agriculture, forestry, animal husbandry and fishery increased by 1.8% year-on-year, and decreased by 3.9% from January to April. Among them, the investment in livestock raising increased by 36.0%, the investment in poultry feeding increased by 46.0%, and the investment in grain planting increased by 1.7%.
From January to May, investment in the social sector increased by 3.6% year-on-year. From January to April, it decreased by 3.1%. Among them, education investment increased by 10.4%, the growth rate accelerated by 7.5 percentage points; health investment increased by 9.5%, the growth rate accelerated by 4.8 percentage points.
High-tech industry investment changed from falling to increasing
From January to May, investment in high-tech industries increased by 1.9% year-on-year, and from January to April, it decreased by 3.0%.
The investment in high-tech manufacturing increased by 2.7% year-on-year, and decreased by 3.6% from January to April. Among them, investment in computer and office equipment manufacturing increased by 12.0%, investment in pharmaceutical manufacturing increased by 6.9%, investment in electronic and communications equipment manufacturing increased by 2.5%, and investment in medical equipment and instrument manufacturing increased by 2.3%.
The investment in the high-tech service industry increased by 0.5% year-on-year, and decreased by 1.7% from January to April. Among them, the investment in e-commerce service industry increased by 25.4%, the investment in technology achievement transformation service industry increased by 25.2%, the investment in professional technology service industry increased by 1.0%, and the investment in environmental monitoring and governance service industry increased by 0.8%.
The decline in manufacturing investment narrowed
From January to May, manufacturing investment fell by 14.8% year-on-year, a decrease of 4.0 percentage points from January to April. Among them, the decline in investment in equipment manufacturing and consumer goods manufacturing narrowed by 3.8 and 4.0 percentage points, respectively.
Real estate development investment declined slightly
From January to May, investment in real estate development fell by 0.3% year-on-year, a decrease of 3.0 percentage points from January to April, of which residential investment remained flat year-on-year. Funds in place for real estate development companies fell by 6.1%, a decrease of 4.3 percentage points. The decline in the area of newly started housing for real estate development companies narrowed by 5.6 percentage points.
Private investment continues to recover
From January to May, private investment fell by 9.6% year-on-year, a decrease of 3.7 percentage points from January to April. Among them, the decline in private investment in infrastructure narrowed by 4.7 percentage points, the decline in private investment in manufacturing narrowed by 4.0 percentage points, the decline in private investment in real estate development narrowed by 3.5 percentage points, the decline in private investment in social fields narrowed by 6.2 percentage points, agriculture, forestry, animal husbandry and fishery The decline in private investment narrowed by 5.6 percentage points.
With the significant effect of stabilizing the investment policy, investment in new construction projects continued to show a positive trend. The total investment of new construction projects planned for January-May increased by 7.9%, an increase of 6.8 percentage points from January to April. From the perspective of relevant indicators, the production and sales of construction machinery products were booming in May. The output of excavation, shovel transportation machinery and concrete machinery increased by 62.1% and 42.2% year-on-year respectively, and the sales volume of excavators increased by 68% year-on-year. These circumstances indicate that future investment is expected to continue to pick up.