In July, fixed asset investment in Jiangsu province fell by 6.1% year-on-year.

According to data released by the Jiangsu Provincial Bureau of Statistics on the 21st, from January to July, the total fixed asset investment in Jiangsu Province decreased by 6.1% compared to the same period last year, with the decrease widening by 2.2 percentage points from the first half of the year. In terms of the main sectors: 1. From January to July, infrastructure investment in the province increased by 4.8% year-on-year, driving overall investment growth by 0.7 percentage points. Large infrastructure projects showed significant support, with investments in infrastructure projects over 10 billion yuan increasing by 7.5%, contributing to a 4.5 percentage point growth in infrastructure. By industry, investment in electricity, heat production and supply increased by 41.2%, contributing to a 7.8 percentage point growth in infrastructure investment in the province; investments in railway transportation, water transportation, internet and related services increased by 8.2%, 28.3%, and 26.8%, respectively. 2. From January to July, manufacturing investment in the province decreased by 2.2% compared to the same period last year. Among the 31 major industries, 16 industries saw investment growth, accounting for 51.6% of the total growth. Specifically, investments in special equipment manufacturing, general equipment manufacturing, and automobile manufacturing increased by 3.3%, 2.1%, and 18.3%, respectively; while investments in computer communication and other electronic equipment manufacturing, and electrical machinery and equipment manufacturing decreased by 4.4% and 17.6%. 3. From January to July, real estate development investment in the province decreased by 17.6% year-on-year. In terms of sales, the sales area of commercial housing in the province decreased by 5.2% compared to the same period last year, with the decline widening by 2.4 percentage points from the first half of the year. 4. From January to July, equipment and tools purchase investment in the province increased by 4.5% year-on-year, outpacing construction investment by 11.3 percentage points; accounting for 18.8% of total investment, an increase of 0.3 percentage points from the first half of the year. By industry, equipment purchase investment in manufacturing increased by 1.6%, while investments in equipment purchase in electricity, heat, gas and water production and supply industry, wholesale and retail industry, and information transmission software and information technology service industry increased by 29.6%, 31.8%, and 59.7%, respectively.