Jilin's Q1 fixed-asset investment up by 6.3%, highlighted by private investment

Jilin province's economic data showed a robust growth trajectory in the first quarter – particularly in fixed asset investment which surged by 6.3 percent year-on-year, indicating a significant acceleration compared with the previous year.

Of particular note was the hefty gain in private investment, rising by 16.5 percent – after excluding real estate development investment – demonstrating a strong commitment from the private sector.

The investment landscape in Jilin in Q1 was said to reflect the strategic focus on high-quality development and structural optimization.

Key sectors such as high-tech industries recorded a combined 12.3 percent growth in investment in the first three months, with the high-tech manufacturing and services industries leading the charge. That performance topped the national average, highlighting the province's accomplishments in technological advancement.

Additionally, major projects made big progress, with the number of new projects in Q1 worth over 100 million yuan ($13.8 million) each increasing significantly compared with the previous year.

This surge in major project investments is said to indicate a buoyant economic environment and a favorable business climate.

Overall, the province's strategic approach includes a concerted effort to expand investments in industries with significant potential for development, strong revenue generation capabilities and high technological content.

Moreover, in Jilin industrial investment accounts for a significant portion of total investment – reflecting the province's commitment to driving economic growth through innovation and industrial diversification.