Electronic component, device manufacturing sectors see high fixed-asset investment in first five months
Beijing. July 17. INTERFAX-CHINA - China's electronic component and device manufacturing sectors witnessed the highest fixed-asset investments among other sectors in the electronic information industry from January to May, according to statistics released by the Ministry of Industry and Information Technology (MIIT) on July 16.
Over the first five months of the year, RMB 25.64 billion ($3.75 billion) was invested into the electronic component manufacturing sector, up 2.7 percent year-on-year, while the electronic device manufacturing sector saw fixed-asset investment of RMB 24.64 billion ($3.61 billion), sliding by 16.4 percent year-on-year.
Interfax previously reported that China's electronic information industry received total fixed-asset investment of RMB $110.8 billion ($17.28 billion) over the first five months of 2009, increasing by 16.5 percent from the same period in 2008. This figure included fixed-asset investment from all state-owned and privately-owned enterprises with annual revenues larger than RMB 5 million ($731,828.69).
From January to May, the telecom equipment manufacturing sector saw the largest growth in fixed-asset investment of 17 percent year-on-year to RMB 10.32 billion ($1.51 billion).
The PC, the home audio and video appliance, and the testing instrument manufacturing sectors attained RMB 8.92 billion ($1.3 billion), RMB 2.58 billion ($377.62 million) and RMB 2.4 billion ($351.27 million) respectively in fixed-asset investment over the five-month period.
Fixed-asset investment over the first five months of 2009 that was also worth nothing was in the broadcasting equipment manufacturing sector, which received RMB 910 million ($133.19), up 8.3 percent year-on-year.
Domestic companies put in RMB 76.08 billion ($11.13 billion) in fixed-asset investment over the period, up 39.7 percent year-on-year while foreign-funded enterprises reduced their proportion by 10.4 percent on an annual basis to RMB 41.95 billion ($6.14 billion).
The electronic information industry commenced 1,463 new projects from January to May, 262 more than the same period a year ago. These projects attracted RMB 35.95 billion ($5.26 billion) in fixed-asset investment and were mainly related to the manufacturing of opto-electronic devices, special purpose electronic equipment, mobile communication devices, optical fibers and cables, among others.