Hechi's fixed asset investment increases by 12.1% in 2019

According to statistics, the fixed asset investment of Hechi, Guangxi Zhuang autonomous region increased by 12.1 percent year-on-year in 2019, ranking first in the region in terms of growth rate.

In 2019, the Hechi government fully promoted the construction of major projects and strengthened the responsibility system for major projects, arranging 26 city leaders to take charge of 140 major projects to ensure the smooth progress of their construction.

The city also paid attention to strengthening the tracking supervision and rectification accountability of major project construction, focusing on solving the bottleneck problem of project investment.

In 2019, a total of 486 major projects were promoted at the municipal level and autonomous region level, including 176 newly started projects, 124 continued projects, 54 completed projects, as well as 132 projects under preparations. The annual planned investment was 36.16 billion yuan ($5.17 billion), and the actual completed investment was 40.2 billion yuan.

In 2019, the city's large fixed asset investment mainly focused on the fields of transportation, as well as industrial and urban construction.

Major transportation projects included the Hezhou-Bama Expressway (Du'an-Bama section), the Rongshui-Hechi Expressway (Hechi section), and the Nandan-Xialao Expressway. Among them, the total investment of the Hechi section of the Rongshui-Hechi Expressway is 9.91 billion yuan, of which 2.98 billion yuan was in place in 2019.

In terms of investment in industrial projects, an antimony metal and recycling technical transformation project with an annual output of 15,000 tons has been completed and put into operation. In addition, a wind farm project has completed an investment of 520 million yuan, while a battery technical transformation and environmental management project has completed an investment of 306 million yuan.

Investment has also been put in urban construction and tourism projects, such as the 14th Guangxi (Hechi) Garden and Horticultural Expo, the Baikuyao Ethnic Town tourism project of Nandan county, and the Hechi Red Star Macalline Commercial Plaza project.