In order to celebrate the 60th anniversary of the establishment of Guangxi, Nanning strengthened project construction service, actively solved problems existing in the construction, and accelerated the promotion of major projects and the investment in urban infrastructure, transportation, education, science, culture and health, forming a peak of investment in major projects.
On the whole, Nanning City's fixed asset investment increased by 11.3% year-on-year, private investment by 8.4%, and industrial investment by 5.9% in the first three quarters. During the same period, the growth rates of fixed asset investment of the state and the whole region gradually declined, which were 7.5%, 6% and 5.4% as well as 12.4%, 11.5% and 11.2% in the first, second and third quarters, respectively, while those of Nanning were 12.2%, 10.4% and 11.3%, respectively, maintaining a steady double-digit growth.
From the perspective of structure, projects of 5-50 million yuan accounted for 7.2% of the total investment, with the completed investment decreasing by 37.5% year-over-year; projects of over 50 million yuan accounted for 49.2%, with the completed investment up by 17.2%; the investment in real estate development accounted for 43.6%, with the completed investment increasing by 19.9%.
In terms of industry, the investment in the primary industry accounted for 1.5%, down by 10.6% year-on-year; the investment in the secondary industry accounted for 11.8%, up by 9.4%; and the investment in the tertiary industry accounted for 86.7%, up by 12%. In general, the investment in the primary and secondary industries in Nanning was relatively weak, and the investment in the tertiary industry was developing well.