Shanxi’s non-State-owned investments in fixed assets grew sharply from January to May. It increased 20.5 percent from last year to 157.65 billion yuan ($25.4 billion), according to the province’s bureau of statistics on July 2.
In this year’s first five months, the province completed fixed assets investment of 266.08 billion yuan, a rise of 11.2 percent comparing to the last year’s first five months. Non-State-owned investments accounted for nearly 60 percent of the province’s total fixed assets investment, growing faster than the country’s average and a major force in the province’s investment.
Primary industry had completed investment of 22.12 billion yuan by the end of May in this year, growing 47.3 percent compared to last year’s first five month. Secondary and tertiary industries had 117.37 billion yuan and 126.59 billion yuan investments respectively.
The investment of non-traditional industries, which means the industries other than coal, coking, metallurgy and power, accounted for 52.5 percent of the province’s total industrial investment. Non-traditional industries are the main destinations of industrial investment now.
