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Hainan's industrial investment grows rapidly in Jan-Feb

ehainan.gov.cn | Updated: 2022-03-25

According to the Hainan Provincial Department of Industry and Information Technology, the province's industrial investment was 6.77 billion yuan ($1.06 billion) in January and February, a year-on-year increase of 77.2 percent, with the growth rate ranking second in the country.

Due to the Hainan Free Trade Port policy, the province's manufacturing industry completed an investment of 5.27 billion yuan in the first two months of this year, an increase of 147.2 percent, with the growth rate ranking first in the country.

From January to February, the province's industries above designated size achieved an output value of 42.76 billion yuan, a year-on-year increase of 21.2 percent.

Among the 41 industrial industries in the province, 27 industries achieved an increase in added value. The heavy industry's added value increased by 14 percent in the first two months of the year, in which the petroleum processing, chemical, electric power, agricultural and sideline food processing, automobile, as well as papermaking industries achieved steady growth.

Haikou's industrial added value increased by 16.6 percent year-on-year, driven by industries like automobiles and natural gas extraction. Dongfang's industrial added value increased by 9.4 percent year-on-year, while Wanning's industrial added value increased by 43.8 percent year-on-year, driven by the growth of its electric power and betel nut processing industries, with its growth rate ranking first in the province.

In addition, Hainan's key industrial projects have been promoted. To date, 14 projects have started, with an investment of 447 million yuan, accounting for 140.83 percent of the investment plan in the first quarter of this year.