China's National Development and Reform Commission, the country's development supervisor, released its first National Fixed Assets Investment Development Trends Monitoring Report on July 24, indicating huge investment potential in the country.
The report is based on big data from the National Investment Projects Online Approval and Supervision Platform. The platform, which went into operation on Feb 1, 2017, provides investment trends in varies industries and regions for the reference of government departments and investors.
According to the report, China has 459,000 new proposed investment projects (projects with project codes) in the first half of the year, up 23.3 percent on a year-on-year basis. New investment amount of these projects during the same period reached 73.1 trillion yuan ($10.85 trillion), an increase of 6.9 percent year-on-year.
Numbers of new investment projects to be built, or projects with project codes and completed at least one approval process, grew 15.6 percent to 133,000 through June. New investment amount of this type of projects totaled 27.3 trillion yuan during this period, a growth of 11.1 percent, said the report.
Manufacturing industry grabbed most investment among all industries in the Jan-June period of this year, with proposed projects jumping 42.9 percent in numbers and 23.7 percent in investment amount. Proposed real estate projects grew 24.8 percent in numbers and 38.6 percent in investment amount. Infrastructure industry, on the other hand, saw a gloomy first half with new projects decreasing 0.81 percent in numbers and 33.5 percent in investment amount.
Data shows fixed assets investment turned to central and western regions during the H1 period. Investment proportion in central region increased from 16.2 percent last year to 25.6 percent this year, while that of the western region grew from 27 percent to 28.7 percent. The eastern region, which grabbed 53 percent of investment of the whole country last year, saw investment down to 40.6 percent in the first half of the year.
The top 10 provinces with most proposed investment projects in the first six months are Henan, Shandong, Heilongjiang, Hubei, Hunan, Jilin, Shaanxi, Jiangxi, Hebei and Ningxia. The 10 regions with most investment amount during the same period are Henan, Shaanxi, Chongqing, Heilongjiang, Jilin, Tianjin, Shandong, Hubei, Jiangxi, and Hunan.