In the first five months of 2016, the Shanxi province saw investment surge in primary industry and infrastructure, the Shanxi Statistics Bureau announced on June 22.
The total amount invested was 295 billion yuan ($44.9 billion), which was an increase of 11.1 percent year-on-year, while the growth rate dropped 2.2 percent over the first four months of the year.
The investment in the primary industry jumped 53.8 percent to 34 billion yuan, and in the secondary sector was a total investment of 112.1 billion yuan, down by 4.5 percent. The tertiary industry had 149.4 billion yuan of investment funds, which grew by 18.1 percent.
The industrial sector as a whole experienced a 4.9 percent decrease in fixed-asset investment in this period, with a decrease of 34.1 percent in mining, a decrease of 9.2 percent in manufacturing, and a growth of 40.8 percent in the supply of power, heat, gas, and water. The investment in infrastructure, excluding power, rose 49.1 percent to 53.06 billion yuan, while the growth rate fell by 28.4 percent.
The private investment reached 177.5 billion yuan, increasing by 12.6 percent year-on-year. Real estate developers invested 36.6 billion yuan, an increase of 8.1 percent with a 7.9 percent decrease compared to the figure in the first four months.
