Since the beginning of 2020, fixed investment in Hainan has been hit hard. With the orderly and vigorous promotion of resumption of work and production by the central provincial party committee and the provincial government, various strategies continued to have a positive impact, and investment activities gradually regained vitality.
In the first seven months of 2020, investment in fixed assets in Hainan increased by 5.6% year on year, which is 2.6 percentage points higher than the 3% growth in the first half of 2019 and 7.2 percentage points higher than the growth rate in China. It was the highest annualized growth rate since June 2018. The growth rate continued to improve. Non-real estate investment has grown in double digits for five consecutive months, becoming the main driver of growth in investment in fixed assets, and the structure of investment is constantly being optimized.
“Comprehensively forecasting the situation in all aspects, the trend of the main indicators will continue to grow from August to December 2020,” the relevant person in charge of the provincial development and reform commission believes.
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