Investment is one of the "troika" driving economic growth, playing an important role in optimizing resource allocation, improving people's livelihood, expanding employment, and protecting the ecological environment. According to the data released from Shenyang Statistics Bureau on November 20 that from January to October, the city's fixed-asset investment continued to grow, with a comparable basis growth of 3.4 percent, among which the investment in industrial projects (non-real estate development) increased by 13.7 percent.
Industry is the main body of real economy, and stabilizing industrial investment is one of the keys to stabilize industrial growth. At Shenyang Fulai Carbon Fiber Co., Ltd. beside G203 Highway in Kangping County, there are two different busy scenes: On the first phase modified graphite felt production line, high-end carbon fiber products applied to wind power energy storage devices, single crystal silicon furnace insulation, aero-engine single crystal blade manufacturing, thermal power plant electrochemical water treatment and other industries are in intense production. On the 280 mu of land next to the first phase, the leveling work has been going on hotly since October 17. This is the location of the second phase modified carbon fiber mat and carbon fiber products project with an investment of CNY 150 million. Soon a factory with a building area of 45,000 square meters will be erected, and several new production lines will be added, which will achieve an annual output value of CNY 480 million and an annual profit tax of CNY 60 million.
Since the beginning of the year, industrial investment such as Shenyang Fulai Carbon Fiber Co., Ltd. has grown rapidly. Data show that from January to October this year, the city's industrial investment grew 30.7 percent, accounting for 18.6 percent of the city's investment, with an increase of 4.0 percentage points over the same period last year, pulling the city's investment growth of 4.4 percentage points. Among them, the year-on-year growth in manufacturing investment reached 21.2 percent.
At the same time, the city's three industrial investment structure is continuing to adjust, the proportion of investment in the secondary industry continues to increase. From January to October this year, the city's primary industry investment fell 17.7 percent, secondary industry investment grew 30.0 percent, and tertiary industry investment fell 0.9 percent. The structure of investment in the three industries was adjusted from 1.7:14.6:83.7 in the same period of the previous year to 1.3:18.6:80.1.
Infrastructure investment plays an important role in promoting the city's economic growth. From January to October this year, the city's infrastructure investment increased by 19.8 percent, 7.4 percentage points higher than that from January to September, among which, infrastructure investment (excluding power, heat, gas and water production and supply industries) increased by 6.8 percent.
It is worth mentioning that private investment is a manifestation of economic vitality, the private investment is active, representing the full confidence of entrepreneurs. From January to October this year, the city's private investment grew well, with a year-on-year growth of 9.8 percent, 6.4 percentage points higher than the city's investment, accounting for 65.8 percent of the city's investment, 3.9 percentage points higher than the same period last year. Among them, private investment in industrial projects grew by 12.8 percent, and private investment in real estate development projects grew by 8.9 percent.
Reporter Liu Yang