Chongqing completes an investment of 184.79 billion yuan in municipal key projects between January and May
CHONGQING (CQNEWS) -- Chongqing completed an investment of 184.79 billion yuan in municipal key projects between January and May this year, which increased by 21.9% yearly and accounted for 42% of the total investment; this May saw a completed investment of 42.34 billion yuan, up 16.3%, according to the Chongqing Municipal Development and Reform Commission.
177 projects have started by the end of May, accounting for 45.7% of the total projects (387) planned for this year, up 6.2 percentage points compared with the same period last year. 32.57 billion yuan has been invested in the newly started projects by the end of May, comprising 37.7% of the total investment.
From January to May, the completed investment in Chongqing's six key areas, including industrial optimization and upgrading, scientific and technological innovation, urban renewal and upgrading, environmental protection, cultural development, and people's livelihood, was higher than the level of the same period last year. The investment progress in scientific and technological innovation was 17.4 percentage points higher than the average level in Chongqing and 24.2 percentage points higher than in the same period last year, topping the list with a year-on-year growth rate of 121%.
The completed investment in 27 key industries, including the new-energy automobile industry, innovation platform, and elementary education, was higher than the average level in Chongqing; as foundations for steady economic growth, transportation, urban construction, energy, and water conservancy saw a completed investment of 85.5 billion yuan between January and May. The investment in these four major infrastructure projects rose by 30.3%, 6.1%, 120.4%, and 1% respectively.
Additionally, the completed investment in projects led by municipal departments, and departments of districts and counties increased by 18.5% and 25% year-on-year respectively during the period between January and May. Kaizhou District completed 61% of its total investment, ranking first in investment progress. It has 19 major municipal projects with a total investment of 58.2 billion yuan and an annual planned investment of 3 billion yuan. By the end of May, Kaizhou District has completed 1.82 billion yuan in investment, with investment progress 19 percentage points higher than the overall level of Chongqing. (Translated by Yuki, Fathom Language Limited)