CCTV News: The Ministry of Agriculture and Rural Affairs announced yesterday (28th) that since this year, China's agricultural and rural investment has further stabilized and the momentum of recovery is obvious. From January to July, the national fixed asset investment in the primary industry increased by 7.7% year-on-year, of which investment in the livestock industry increased by 59.2%, which became the biggest driving force for investment growth.
From January to July, the national fixed asset investment in the primary industry was 980.6 billion yuan, a year-on-year increase of 7.7%, 8.9 percentage points higher than the same period in 2019.
In terms of different industries, from January to July, investment in the national animal husbandry industry increased by 59.2%, a record high growth rate. Among them, the investment in livestock breeding, dominated by live pigs, increased by 69.1%, an increase of 14.8 percentage points faster than that from January to June, while investment in plantation and fishery fell by 8.6% and 24.5% respectively.
In terms of different regions, investment in the eastern, western and northeastern regions accelerated, while the central region continued to pick up. From January to July, the primary industry fixed asset investment in 22 provinces across the country achieved positive growth.
From January to July, the national private investment in fixed assets in the primary industry increased by 3.3%, an increase of 4.1 percentage points from January to June. It achieved positive growth for the first time since April last year, which was 9 percentage points higher than the national private investment growth rate, and still low The growth rate of fixed asset investment in the primary industry was 4.4%.