Xi'an sees slight increase in fixed asset investment in Q1
en.xa.gov.cn     Updated: 2020-05-08

In the first quarter of 2020, Xi'an's fixed asset investment (excluding farm households) increased by 0.5 percent year on year, according to the Xi'an bureau of statistics.

The growth rate was 5.3 percentage points higher than that from January to February this year, and 16.6 and 17 percentage points higher than the national and provincial growth rate respectively.

During the period, 127 new projects started construction in the city, an increase of 15 from the same period last year and an increase of 122 from January to February this year, laying the foundation for the steady growth of investment in Xi'an.

Industrial investment in Xi'an increased by 27.4 percent year on year, and the growth rate increased by 17.6 percentage points over the same period last year, driving investment growth in Xi'an by 4.1 percentage points.

Meanwhile, the high-tech manufacturing industry has achieved high growth driven by major projects such as Samsung Phase II and the Baoneng new energy vehicle project, which increased by 97.3 percent in the first quarter.

Since the beginning of this year, Xi'an has accelerated the construction of new primary and secondary schools, achieving a 2.2-time year-on-year increase in education investment.

In order to ensure that the 14th National Games will be held as scheduled, construction work on the main venue of the Olympic Sports Center and other venues and related supporting facilities continued as normal over the Spring Festival holiday.

In the first quarter, sports investment in Xi'an increased by 59.3 percent, an increase of 0.4 percentage points compared with the same period in the previous year, driving investment growth in Xi'an by 0.4 percentage points.