New hi-tech zones being built in Huizhou are pushing up the city’s fixed-asset investment growth, which rose 7.8% in the first four months of this year, official statistics show.
Real estate grew nearly 20%, but it was electricity, gas and water supply (+254.5%), railway transportation (+40.2%), and road transportation (+47%) that stood out.
The infrastructure spending was focused on key projects such as the Zhongxin industrial park and Zhongkai High-tech Zone, taking RMB21.38 billion in the first four months and accounting for 31% of the yearly investment plan, up 1.6 percentage points from last year.
Spending is expected to continue to grow strongly in the near future, thanks to the USD10 billion ExxonMobil project and the USD7 billion project invested jointly by China National Offshore Oil Corporation and Royal Dutch Shell.
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