Reporters have learned from the Fujian Provincial Bureau of Statistics that fixed asset investment (hereinafter “investment”) in Fujian Province increased by 5.0% year-on-year in the first quarter (Q1). Specifically, investment in projects increased by 13.9%, while real estate development investment declined by 15.8%. This shows ongoing optimization of the investment structure amidst steady growth.

In Q1, such optimization of investment structure was reflected in investments in projects, manufacturing, high-tech, and infrastructure sectors.

Major project investments have picked up pace, showcasing their crucial supportive function. Investment in projects in the province rose by 13.9% year-on-year, marking a 4.5 percentage point rise from the previous year. Investment in projects with a total planned investment exceeding RMB 100 million in the province increased by 19.8% year-on-year. This accounted for 61.8% of the province's total investment and contributed to a 10.7 percentage point increase in provincial investment growth.

Fujian focuses on expanding, enhancing, and fortifying the supply chain to effectively drive rapid growth in manufacturing investment. Manufacturing investment in the province surged by 21.6% year-on-year, making up 33.8% of total fixed asset investment and adding 6.3 percentage points to the overall provincial investment growth. Investment rose in 24 out of 31 key industrial sectors, with a coverage rate of 77.4%. In particular, investment in the restructuring and technological advancement of the manufacturing sector grew by 21.1%, indicating a heightened emphasis on technological investment.

Fujian is continuously constructing new engines for economic development and bolstering new drivers for growth, with investment in high technology maintaining robust growth. Investment in high-tech industries across the province increased by 8.8% year-on-year, which is 3.8 percentage points higher than the overall provincial investment growth rate. Specifically, investment in high-tech manufacturing grew by 9.7%, while investment in high-tech services increased by 4.2%. 

Infrastructure investment has seen a rebound, offering solid backing for the strong performance of the economy. From January to March, infrastructure investment saw a year-on-year growth of 4.8%, marking a 4.0 percentage point increase compared to the growth rate from January to February. This growth contributed 1.2 percentage points to the overall investment growth in Fujian. In particular, investment in electricity, heat, gas, and water production and supply sectors surged by 23.4%, while investment in telecommunications, broadcast television, and satellite transmission services saw a remarkable increase of 110%.