Project investment in Jilin province records rise in H1
In the first half of 2022, project investment – excluding real estate – in Northeast China's Jilin province increased by 0.2 percent year-on-year, of which investment in projects each worth 50 million yuan ($7.3 million) or more gained 4.1 percent year-on-year, according to local media reports.
Investment in 100-million-yuan projects increased by 4.5 percent year-on-year, accounting for 82.7 percent of total project investment. In all, 1,371 construction projects started up, an increase of 17 on the same period last year.
Furthermore, investment in projects worth 1 billion yuan each increased by 0.8 percent year-on-year and there were 211 construction projects, an increase of four on the previous corresponding period.
Investment in the primary industry continued its strong growth trend since the start of the year, with a year-on-year increase of 45.2 percent for the first half. The rapid progress with the construction of high-standard farmland projects in the province is widely said to have greatly stimulated the overall growth of investment in the primary industry.
During the period, industrial investment achieved positive growth, up 2.5 percent year-on-year. A highlight of that was the production and supply of electricity, heat, gas and water which increased by 40.3 percent year-on-year.
In the first half of the year, the province's construction companies signed contracts worth a total of 270.79 billion yuan, a year-on-year increase of 5.2 percent.