EYESHENZHEN  /   Business  /   Industry News

Fixed-asset investment goes up

Writer: Wang Jingli  |  Editor: Zhang Chanwen  |  From: Shenzhen Daily  |  Updated: 2022-11-03

Shenzhen's fixed-asset investment went up 12.1% year on year in the first three quarters, according to data provided by the Shenzhen Municipal Statistics Bureau.

Shenzhen’s industrial investments kept a steady growth momentum in the first three quarters, up 35.1%. Among them, the manufacturing industry went up by 27.2%, while high-tech manufacturing investment rose by 28.9%.

Investment in the public sector also surged in the first three quarters. Health and social work investment increased by 111.6%. The investment in culture, sports and entertainment industry was up 36.6%.

Zhu’ao water factory deep processing project received an investment of 27.32 million yuan (US$3.76 million) in September. After completion, the project will improve water quality in key areas of Bao’an District to benefit nearly 2.6 million people.

“Against the backdrop of high-quality development, investment needs to maintain a steady growth,” said Yu Lingqu from China Development Institute.

The city has initiated 968 key projects this year, with a total investment of 3.9 trillion yuan. “We created a red-yellow-green light warning system to follow up the construction process and step up related work,” a staff member from the city’s development and reform commission said.

Semiconductor Manufacturing International Corporation’s 12-inch production line and the first phase of BYD motor industrial park (Shenshan) have been put in use, Shenzhen Special Zone Daily reported.

The park will add 600,000 new energy vehicles and core parts in production capacity, with an annual output value of over 100 billion yuan, helping Shenshan Special Cooperation Zone build a world-class automobile city.