11 months of steady growth in Hainan manufacturing investment

According to the Hainan Provincial Department of Industry and Information Technology, manufacturing investment in Hainan has enjoyed substantial growth for 11 consecutive months, with an increase of 137.4% from January to May this year, driving a gain of 39.5 percentage points in province-wide industrial investment.

A further breakdown of manufacturing investment numbers shows that the five industries of petroleum refining, pharmaceutical manufacturing, raw chemical material & chemical product manufacturing, agricultural & non-staple food processing, and machinery & equipment maintenance (aircraft maintenance) jointly accounted for industry investment gains of 32.4 percentage points, with ethylene refining, aircraft maintenance, and other large projects significantly spurring investment growth.

Due to the increase in investment, Hainan also saw an increase in industrial efficiency. From January to May, industrial enterprises above designated size in Hainan have achieved 8.3 billion yuan in profit. This was a year-on-year increase of 260.8% and 177.4 percentage points higher than the national growth rate.