(Yicai Global) March 15 -- Private enterprises' confidence in investment is gradually increasing with the improved economic environment and the implementation of policies aimed at promoting private investment, the latest official data shows.
Private fixed asset investments reached nearly 2.5 trillion yuan (USD362 billion) during the first two months of 2017, a year-on-year nominal increase of 6.7 percent, with the growth rate being 3.5 percentage points higher over the previous year, shows the data released by the Chinese National Bureau of Statistics yesterday.
Wang Baobin, chief statistician at the National Bureau of Statistics' Investment Department, said that with the improvement of economic environment, the real economy has maintained better performance, boosting production and profits, which also greatly enhances the investment tendency of enterprises. The growth rate of private investments has continued to accelerate since last September, showing signs of revival after a temporary dip.
Wang also said that the growth rate of national fixed asset investment has risen during the first two months of this year. Investments in manufacturing, infrastructure and real estate development all show a widespread recovery.
The nationwide fixed asset investments reached 4.1 trillion yuan during the first two months of 2017, a year-on-year increase of 8.9 percent, and the growth rate is 0.8 percentage points higher over last year, the data shows. Among them, the amount of investment in infrastructure reached 831.5 billion yuan, with the highest growth rate of 27.3 percent, 9.9 percentage points higher over last year.
From January to February, the amount of investment in real estate development reached 985.4 billion yuan, an increase of 8.9 percent, and the growth rate is 2 percentage points higher over last year; the amount of investment in the manufacturing industry reached 1.216 trillion yuan, an increase of 4.3 percent, with the growth rate being 0.1 percentage points higher over last year.