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Fixed asset investments in Hainan up 16.7% in January-February

Industrial investments also rose 77.2% over the period

HAIKOU /China/, March 30. /TASS/. Total volume of fixed asset investments in southern China's Hainan province increased by 16.7% in January-February 2022 year-on-year, the Hainan Daily reported with reference to the Provincial Bureau of Statistics.

Since the beginning of this year, the provincial government has adopted two documents concerning investment efficiency, as well as an investment plan for major projects in 2022. All of these have laid the foundation for a steady growth in investment.

According to the department, there was a noticeable increase in sectoral investments in the first two months of this year. Growth in this area was 52.1%, 35.4 percentage points higher than the average growth rate of investment in the province. Industry investment thus accounted for 36.2% of total investment in the province during this period.

As for industrial investment, it has been a driving force behind improvements in the province's investment structure. From January to February, it grew 77.2%, which is a 60.5% increase over the province-wide capital investment, and its share in Hainan's total investment structure reached 53.9%.

Since the beginning of the year, there has also been an increase in investment in major projects. In January - February, the volume of used investments in projects not related to real estate rose by 34.1% in annual terms, with planned investments totaling more than 1 billion yuan ($157.4 million). As for new projects that have already been launched, the total number of projects increased by 25 % year-on-year in January-February, while the amount of disbursed investment for them rose by 45.5% over the period.

The agency said that Haikou, Sanya, Danzhou, Wenchang, Wanning and Lingshui Li Autonomous County accounted for 81.5% of total investment in the province.

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