The National Bureau of Statistics interprets: From January to July, new investment momentum shows a good trend, and structural adjustments continue to advance.

Investment New Momentum Shows Good Growth, Structural Adjustment Continues to Advance -- Zhang Gang from the Investment Department of the National Bureau of Statistics Interprets Investment Data from January to July 2026 From January to July, with the rapid development of new production forces and the stable transition from old to new growth drivers, investments in areas related to technological innovation and industrial upgrading have maintained a good growth momentum, continuously driving the investment structure towards new and improved directions. I. Acceleration of High-Tech Industry Investment Growth Emerging industries are accelerating in cultivation and expansion, and investment growth in the high-tech industry is speeding up. From January to July, investment in high-tech industries increased by 5.0% year-on-year, with the growth rate accelerating by 0.4 percentage points compared to the first half of the year, contributing 0.5 percentage points to the overall investment growth. From January to July, investment in high-tech manufacturing increased by 3.3% year-on-year, with the growth rate accelerating by 0.1 percentage points compared to the first half of the year. Among these, investment in electronic circuit manufacturing grew by 57.7%, with a growth rate acceleration of 2.1 percentage points; investment in integrated circuit manufacturing grew by 11.5%, accelerating by 2.7 percentage points; investment in lithium-ion battery manufacturing increased by 23.0%; and investment in electronic special materials manufacturing rose by 9.4%. From January to July, investment in high-tech services increased by 8.4% year-on-year, with the growth rate accelerating by 0.9 percentage points compared to the first half of the year. Driven by the rapid development of artificial intelligence, investment in information services grew by 19.2%, accelerating by 3.7 percentage points. II. Steady and Rapid Growth in Intellectual Property Product Investment With the continuous deepening of innovation-driven development, the investment in intellectual property products has consistently increased. From January to July, national investment in intellectual property products grew by 9.1% year-on-year, accounting for 14.8% of total investment, an increase of 2.1 percentage points compared to the same period last year; contributing 1.2 percentage points to overall investment growth. III. Increase in Equipment Purchase Investment Growth Rate The effects of the two new policies continue to emerge, and the layout of artificial intelligence computing power construction is accelerating, driving equipment purchase investment to maintain rapid growth. From January to July, investment in the purchase of equipment and tools increased by 9.0% year-on-year, with the growth rate accelerating by 0.9 percentage points compared to the first half of the year; contributing 1.5 percentage points to overall investment growth; accounting for 19.1% of total investment, an increase of 2.8 percentage points compared to the same period last year. IV. Good Growth Momentum in Infrastructure Investment in Key Areas The construction of two major projects is being solidly advanced, and the construction of a modern infrastructure system represented by the "six networks" is being accelerated, with investments in related areas maintaining good growth momentum. From January to July, investment in the internet and related services grew by 41.3% year-on-year, with the growth rate accelerating by 1.4 percentage points compared to the first half of the year; investment in the air transport industry increased by 15.7%, with a growth acceleration of 4.7 percentage points; investment in the water transport industry grew by 16.2%; and investment in the power supply industry increased by 16.0%. V. Continuous Optimization of Industrial Investment Structure The construction of a modern industrial system is steadily advancing, and the transformation and upgrading of traditional industries are accelerating, improving the industrial investment structure. From January to July, investment in the mining industry increased by 3.3%, contributing 0.2 percentage points to overall industrial investment growth. Investment in equipment manufacturing grew by 1.1%, contributing 0.4 percentage points to total industrial investment growth. Among these, investment in the manufacturing of rail, shipbuilding, aerospace, and other transport equipment grew by 18.7%; investment in computers, communications, and other electronic equipment grew by 7.8%, with the growth rate accelerating by 1.3 percentage points compared to the first half of the year. In the next stage, we must deeply implement the decision-making and deployment of the Central Committee of the Communist Party and the State Council, accelerate the pace of fiscal expenditure and bond fund utilization, effectively promote the construction of two major projects and two new tasks, solidly advance the planning and construction of six networks, comprehensively promote the large-scale development of emerging pillar industries, accelerate the establishment of a modern industrial system, and ensure coordinated efforts in investing in both physical assets and human resources, further optimize and enhance the investment structure and efficiency, and better leverage effective investment's key role in optimizing supply structure. This article is compiled from the official website of the "National Bureau of Statistics," GMTEight editor: Xu Wenqiang.