Shanxi attracts 604b worth of investment projects


Shanxi province in North China completed investment projects worth a total of 604.1 billion yuan ($84.95 billion) between January and April, according to the Shanxi Development and Reform Commission on June 2. 

Of the total, fixed asset investment increased 6.7 percent year on year and the investment in key projects accounted for 42.6 percent of fixed asset investment. 

In the four months, the province's industrial investment totaled 47.4 billion yuan, a year-on-year increase of 18 percent, while investment in industrial technological reform came in at 11.77 billion yuan, down 17.2 percent year on year. 

From January to April, there were 2,972 start-up projects in the province, with 56.8 percent of projects under construction, representing an increase of 33.3 percentage points year on year, while 99.8 percent of the continuing projects resumed, which strongly supported subsequent investment growth. 

Officials said while advancing the progress of projects under construction, Shanxi will increase its investment in creative industries, expand construction of infrastructure projects, as well as set up special funds for use in the preliminary work of key projects.