The National Bureau of Statistics released data on September 14. From January to August 2024, national fixed asset investment (excluding farmers) was 3.29385 billion yuan, a year-on-year increase of 3.4%. Among them, investment in chemical raw materials and chemical products manufacturing increased by 10% year-on-year.

    In terms of industries, investment in the primary industry was 614.6 billion yuan, a year-on-year increase of 2.9%; investment in the secondary industry was 112778 billion yuan, an increase of 12.1%; and investment in the tertiary industry was 210461 billion yuan, a decrease of 0.8%.

    Among the secondary industry, industrial investment increased by 12.1% year-on-year. Among them, investment in mining increased by 15.6%, investment in manufacturing increased by 9.1%, and investment in electricity, heat, gas and water production and supply increased by 23.5%.

    Among the tertiary industry, infrastructure investment (excluding electricity, heat, gas and water production and supply industries) increased by 4.4% year-on-year. Among them, investment in the water conservancy management industry increased by 32.6%, investment in the air transportation industry increased by 20.3%, and investment in the railway transportation industry increased by 16.1%.

    In terms of regions, investment in the eastern region increased by 2.7% year-on-year, investment in the central region increased by 4.6%, investment in the western region decreased by 0.2%, and investment in the northeastern region increased by 2.5%.

    In terms of registration types, investment by domestic-funded enterprises increased by 3.3% year-on-year, investment by Hong Kong, Macao and Taiwan enterprises increased by 4.7%, and investment by foreign enterprises decreased by 17.7%. Source: Sinochem New Network