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Jan-May electronics industry investment growth slows down

(Xinhua)
Updated: 2009-07-18 11:25

China's electronics and information industry reported a notable fall in fixed asset investment growth in the first five months, according to a statement of the Ministry of Industry and Information Technology.

Special Coverage: China Biz & Economic Statistics Related readings:  Chinese electronic exports expand 24% in Jan-May  Top 10 Chinese consumer electronics brands revealed  Technology sector gets more bytes

More than 118 billion yuan ($17.45 billion) was invested in the industry's projects, valued at more than five million yuan each, during the January-May period, up 16.5 percent year-on-year.

But the growth was 2.7 percentage points lower than the same period last year and six percentage points lower than in the first four months.

More projects, 1,463 new projects, were launched in the first five months, up 21.8 percent from a year ago. New projects mainly concentrated on sectors of optical and electric components, electronic equipment, mobile telecommunications equipment and optical fiber.

The planned investment of those new projects totaled 136 billion yuan, up 68 percent year-on-year.