Twelve provinces with highest private investment growth
2018-11-29
The private investment growth of many provinces has surpassed the GDP growth of these provinces in the first three quarters of this year, with many recording more than the national average growth rate of 8.7 percent. Private economy is driving the economic growth of many provinces, thanks to the preferential policies announced by the central government and local governments.
Based on statistics from provincial statistical bureaus, media reports, and Shanghai-based Wind Information, analysts of the 21st Century Economic Research Institute came up with a study of private investment growth of 12 provinces (cities) in China in the first three quarters of 2018.
Let us take a look.
No 12: Shandong
Private investment growth: 3.2 percent
Added value of private economy: 3,039.9 billion yuan ($438.23 billion)
An employee works at Shandong Weiqiao Aluminum Electricity Co Ltd, a subsidiary of Weiqiao Pioneering, a top private-owned company in Shandong, on Feb 26, 2018. [Photo/IC]
No 11: Hebei
Private investment growth: 6.1 percent
Added value of private economy: 1,726.9 billion yuan
A worker adjusts machinery at a private-owned rig enterprise in Zhangjiakou, Hebei province, Nov 14, 2018. [Photo/IC]
No 10: Sichuan
Private investment growth: 9.6 percent
Added value of private economy: 17,308 billion yuan
The photo taken on Oct 31, 2018, shows LCA Aviation Museum, the first private-owned aviation museum located in a shopping mall, in Chengdu, Sichuan province. [Photo/IC]
No 9: Guangdong
Private investment growth: 9.8 percent
Added value of private economy: 3,783.7 billion yuan
Consumers experience AI doctor service at the fourth Guangdong International Internet+ Expo in Foshan, Guangdong, Oct 24, 2018. [Photo/IC]
No 8: Jiangsu
Private investment growth: 10.5 percent
Added value of private economy: 3,754.1 billion yuan
A view of Golden Eagle Textile Co Ltd, a private company in Yizheng, Jiangsu province, April 24, 2018. [Photo/IC]
No 7: Chongqing
Private investment growth: 10.8 percent
Added value of private economy: 746.85 billion yuan
SUV models are seen at a plant of Lifan Automobile Co Ltd in Chongqing, Oct 29, 2018. Lifan is among the top 100 private-owned enterprises in Chongqing. [Photo/IC]
No 6: Guizhou
Private investment growth: 14.7 percent
Added value of private economy: 5,428 billion yuan
A customer browses Lao Gan Ma brand chili sauce in Zunyi, Guizhou province, Aug 8, 2018. Founded in 1996, the Lao Gan Ma brand has become one of the best-known chili sauce brands nationwide. [Photo/IC]
No 5: Zhejiang
Private investment growth: 17.2 percent
Added value of private economy: 2,586.7 billion yuan
Workers assemble cars on the assembly line at the auto plant of Belgee, the joint venture between Belarus and Chinese private carmaker Geely that produces Belarussian-made vehicles targeting the Russian market in Borisov, Belarus, July 5, 2018. [Photo/IC]
No 4: Anhui
Private investment growth: 18.7 percent
Added value of private economy: 1,254.6 billion yuan
An offline experience store of Anhui-based food brand “Three Squirrels” is seen in Wuhan, Hubei province, Sept 8, 2018. [Photo/IC]
No 3: Fujian
Private investment growth: 19.2 percent
Added value of private economy: 1,564.1 billion yuan
Workers produce lithium battery on the assembly line at a factory of Contemporary Amperex Technology Co in Ningde city, Fujian province, Jan 10, 2018. [Photo/IC]
