According to statistics, in the first four months of 2017, China's fixed asset investment (excluding farmers) was 1,442.7 billion yuan, an increase of 8.9% year-on-year, and the growth rate was 0.3 percentage points lower than that in January-March. From the seasonally adjusted ring rate, April increased by 0.71% from March.
Specific investment situation from January to April
The investment in fixed assets of the rubber and plastic products industry was 157.5 billion yuan, down 1.8% year-on-year.
The investment in fixed assets of chemical raw materials and chemical products manufacturing was 343.7 billion yuan, a year-on-year increase of 2.2%.
The fixed assets investment in the automobile manufacturing industry was 324.1 billion yuan, a year-on-year increase of 8.8%.
The fixed assets investment in the pharmaceutical manufacturing industry was 148 billion yuan, a year-on-year increase of 4.4%.
The investment in computer, communications and other electronic equipment manufacturing was 327.2 billion yuan, a year-on-year increase of 27.7%.
From the construction and new construction projects, the total investment of the construction project from January to April is 809.694 billion yuan, a year-on-year increase of 19%. The growth rate is 2.7 percentage points lower than that in January-April; the total planned investment of the newly started project is 1,707.11 billion yuan. The decline was 5.9%, and the decline narrowed by 0.6 percentage points.
Judging from the funds in place, from January to April, fixed assets investment reached 155.793 billion yuan, down 1.4% year-on-year, and the decline was narrowed by 1.5 percentage points from January to March.
Investment growth rate overall stable investment structure continued to improve
In the first four months of this year, the growth rate of manufacturing investment slowed down and structural optimization continued to advance. From January to April, China's manufacturing investment was 4.5379 trillion yuan, a year-on-year increase of 4.9%, and the growth rate was 0.9 percentage points lower than the first quarter.
First, the internal structure of the manufacturing investment industry continued to improve. In the first four months of this year, equipment manufacturing investment increased by 7.9% year-on-year, and the growth rate was 3 percentage points higher than that of all manufacturing investment. Investment in consumer goods manufacturing grew by 5.7%, which was 0.8 percentage points higher than all manufacturing investment. Investment in high-energy manufacturing industry is still declining, with a drop of 0.1 percentage points from the first quarter.
Second, the new kinetic energy investment in the manufacturing sector has grown rapidly and its vitality has been highlighted. In the first four months of this year, high-tech manufacturing investment was 659.5 billion yuan, a year-on-year increase of 22.6%, and the growth rate was 17.7 percentage points higher than the total manufacturing investment.
Third, the manufacturing transformation and upgrading investment operation is in good shape. From January to April, the technological transformation investment in the manufacturing industry increased by 7.9%, which was 3 percentage points higher than the total manufacturing investment; the proportion of total manufacturing investment was 44.2%. In the manufacturing industry, equipment investment increased by 10.8%, the growth rate was 5.9 percentage points higher than that of all manufacturing investment; the proportion of total manufacturing investment was 36.3%.
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