Since the beginning of this year, the city of Hechi has accelerated the optimization of its industrial structure, promoted the stable recovery of fixed asset investment, and promoted the industry to move towards high-end, intelligent, ecological and service-oriented development.
According to the Hechi statistics bureau, the city's fixed asset investment was 27.52 billion yuan ($4.26 billion) in the first half of this year, a year-on-year increase of 32.4 percent, ranking second in Guangxi Zhuang autonomous region. Among them, the tertiary industry investment accounted for 85.6 percent, contributing as much as 105 percent to the city's fixed asset investment growth.
With investment promotion of project construction, the city's transportation construction projects have continued to develop, the proportion of investment in high-tech industries has increased, and investment in key industries has grown rapidly.
Up to now, the city has 819 fixed asset investment projects, including 251 transportation construction projects. The city's high-tech industry investment has increased by 125 percent year-on-year, of which, high-tech manufacturing investment has increased by 93.3 percent and the investment in high-tech service industry increased by 144.5 percent. The city's infrastructure investment increased by 77.8 percent year on year, and the manufacturing investment increased by 52.4 percent year on year.
For its next phase, Hechi will increase investment in high-tech industries and leading industry projects, make efforts to promote project construction, increase industrial investment, optimize the service industry structure, and lead economic development to the direction of technology-intensive, knowledge-intensive, and high value-added.