From January to August, fixed asset investment in Jinhua, East China's Zhejiang province, increased by 17.8 percent year-on-year, according to statistics.
The growth rate is the highest in the province, and is 3.8 percentage points higher than the provincial average and 8.9 percentage points higher than the national average.
Five main indicators including private investment, investment in transportation, and high and new technology industries all realized an increase of over 10 percent. Only two cities posted such rapid growth in the province.
Fixed asset investment is an important driver of economic growth.
Jinhua has been rigorously pushing ahead with major projects while striving to attract new investments.
As of the end of August, provincial key projects, provincial "4+1" projects, and provincial "six 100-billion-yuan" projects were all progressing steadily, with the project completion rate reaching 70 percent.
The 10 major platforms and 10 major construction projects received investments of 14.4 billion yuan ($2.23 billion) and 3.11 billion yuan respectively, accounting for 75.2 percent and 82.3 percent of the annual investment tasks respectively.
This year, Jinhua established four headquarters in Beijing, Shanghai, Hangzhou and Shenzhen for investment and talent attraction.
From January to August, the city attracted 123 projects each with an investment of more than 300 million yuan, achieving 82 percent of the annual target.
