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Agriculture, non-coal industries attract more investment in first four months

DATE:2015-05-29       SOURCE:China Daily

Shanxi's fixed assets investment grew 8.3 percent to 154.53 billion yuan ($24.93 billion) from January to April, compared to the first four months of last year, according to the province's statistics bureau.

In the first four months, the fixed assets investment to primary industry finished at 10.25 billion yuan, while the amounts for secondary and tertiary industries were 74.74 billion and 69.53 billion yuan respectively.

Fixed assets investment to non-traditional and non-coal industries increased notably. Non-coal industries received investment of 57.74 billion yuan in the first four months, rising 12.4 percent.

The booming growth of primary industry highlighted the fixed assets investment.

"Agriculture's advantages became remarkable under the downward economic pressures; meanwhile, the state has been increasing support to agriculture in recent years," explained a researcher of agricultural economy from Shanxi Academy of Social Sciences.

As capital withdrew from the resource-based economy, especially the coal industry, more capital will flow to primary industry, he added.

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