According to Jiangsu Provincial Bureau of Statistics, from January to July, Jiangsu’s infrastructure investment increased by 4.8% year-on-year, with large-scale infrastructure projects playing a significant supporting role.

Data shows that from January to July, the 4.8% increase in Jiangsu’s infrastructure investment boosted total investment growth by 0.7 percentage point. Among this, investment in infrastructure projects of RMB one billion or more grew by 7.5%, driving infrastructure growth by 4.5 percentage points. By sector, investment in the production and supply of electricity and heat grew by 41.2%, pushing up the overall infrastructure investment growth by 7.8 percentage points; rail and water transport, the Internet and its related services also saw fast investment growth.

In terms of manufacturing investment, out of 31 major industry categories, 16 registered investment growth. Among them, investment in the manufacturing of special-purpose equipment, general-purpose equipment, and automobiles increased by 3.3%, 2.1%, and 18.3% respectively. Meanwhile, investment in the acquisition of equipment and instruments, which signals industrial upgrading, was impressive. From January to July, Jiangsu’s investment in the acquisition of equipment and instruments saw an increase of 4.5% year-on-year, with its share of total investment rising to 18.8%, up by 0.3 percentage point from the first half of the year, moving towards an improved investment structure.