China sees improving investment structure in the first five months of this year, with infrastructure deployment being accelerated and investment in emerging industries maintaining relatively rapid growth, National Bureau of Statistics spokesman Fu Linghui said at a press conference Tuesday in Beijing.
Driven by China's construction of a comprehensive, multi‑dimensional transportation system, investment in transport, storage and postal services rose 7.1 percent year on year in the January–May period.
Within that category, investment in water transport and air transport increased 23.3 percent and 21.7 percent, respectively.
In terms of digital infrastructure investment, the construction of computing-power networks and next-generation communications facilities progressed in an orderly manner, with investment in the information transmission sector up 30.4 percent year on year.
From January to May, investment in intellectual property products increased 9.3 percent year on year, contributing 1.1 percentage points to overall investment growth.
Rapid advances in artificial intelligence and new energy also drove strong investment growth in related industries. Investment in integrated-circuit manufacturing, lithium-ion battery manufacturing, and information services all registered relatively fast increases.
"Looking ahead, investment headroom in China remains broad. Advancing new urbanization, rural revitalization, the development of new quality productive forces, and the upgrading of public services all require continued investment support, laying a solid foundation for high-quality development," said the spokesman.
China sees improving investment structure in 1st 5 months
China's high-tech manufacturing, emerging services, and new forms of consumption gained momentum in May, supporting steady economic growth as employment and prices stayed broadly stable, official data showed Tuesday.
Data released by the National Bureau of Statistics (NBS) showed that production and supply improved steadily during this period, while the economy continued to move toward innovation-driven and quality-oriented growth.
In agriculture, summer grain production is in good shape this year and is expected to deliver a good harvest.
Industrial production also picked up, with value-added industrial output of enterprises above designated size rising 4.5 percent year-on-year, 0.4 percentage points faster than in April.
The industrial sector continued to move up the value chain, with faster progress in smart, green and integrated manufacturing. In the first five months of the year, high-tech manufacturing contributed nearly 40 percent of overall industrial growth, pointing to stronger industrial competitiveness.
The services sector also expanded steadily. China's services production index rose 4.4 percent year on year in May, accelerating from the previous month, with emerging services such as information transmission, software and information technology maintaining solid growth.
Consumption continued to shift toward higher-quality demand. From January to May, services retail sales increased 5.4 percent, as demand for services was further released. Online, digital and green consumption became new growth points.
The job market remained generally stable, with the surveyed urban unemployment rate standing at 5.1 percent in May, down 0.1 percentage points from April.
China's economy remains steady in May as manufacturing, services drive growth
