Data released by the National Bureau of Statistics on June 17 showed that from January to May 2024, the national fixed asset investment (excluding farmers) was 1.88006 billion yuan, a year-on-year increase of 4.0%. Among them, investment in chemical raw materials and chemical products manufacturing increased year-on-year by 9.9%.

    In terms of industries, investment in the primary industry was 356.5 billion yuan, a year-on-year increase of 3.0%; investment in the secondary industry was 6.2881 billion yuan, an increase of 12.5%; and investment in the tertiary industry was 1.2156 billion yuan, the same as the same period last year.

    Among the secondary industry, industrial investment increased by 12.6% year-on-year. Among them, investment in mining increased by 17.7%, investment in manufacturing increased by 9.6%, and investment in electricity, heat, gas and water production and supply increased by 23.7%.

    Among the tertiary industry, infrastructure investment (excluding electricity, heat, gas and water production and supply industries) increased by 5.7% year-on-year. Among them, investment in the railway transportation industry increased by 21.6%, investment in the air transportation industry increased by 20.1%, and investment in the water conservancy management industry increased by 18.5%.

    In terms of regions, investment in the eastern region increased by 3.7% year-on-year, investment in the central region increased by 4.1%, investment in the western region increased by 0.2%, and investment in the northeastern region increased by 5.5%.

    In terms of registration types, investment by domestic-funded enterprises increased by 3.8% year-on-year, investment by Hong Kong, Macao and Taiwan enterprises increased by 6.6%, and investment by foreign enterprises decreased by 15.4%. Source: Sinochem New Network