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Private Investment on Fixed Assets in Chongqing Exceeded RMB 300 Billion in Last Year

On December 4th, municipal Statistic Office released general situation of private investment on fixed assets in 2011. In 2011, total amount of private investment on fixed assets reached RMB 321.061 billion, which was 1.8 times of that in 2008. Among the investment of more than RMB 300 billion, over 70% is contributed to industry and real estate.  
With the development of private enterprises, private investment shows vibrant activity. Last year, private investment on fixed assets took up 41.8% of the total investment on fixed assets of the entire municipality, which increased by RMB 41.917 billion. Its contribution rate to the economic development was 50.3%, increasing by 8.4% compared with last year.
In 2011, there were 6,681 construction projects of private investment (excluding real estate development projects), with planed investment of RMB 523.168 billion. Mean scale of these projects was RMB 78 million, which increased by RMB 36 million compared with that of 2008 and doubled that of 2008.
Last year, private investment on fixed assets played a leading role among the similar investment in some industry. This situation exits obviously in wholesale and retail business as well as hotel and restaurant business, accounting for 80.1% and 69.8%.
 From the perspective of industrial structure, in 2011, private investment on fixed assets in primary industry was RMB 12.104 billion, increased by 22.2% year on year and accounted for 3.8% of the total volume of private investment on fixed assets; the investment in secondary industry was RMB 146.38 billion, increased by 12.8% year on year and accounted for 45.6% of total volume; investment of tertiary industry was RMB 162.577 billion, increased by 13.2% year on year and accounted for 50.6% in total.
   

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