Hechi's fixed-asset investment growth rate up 30% in 2021

Hechi's fixed-asset investment last year increased by more than 30 percent year-on-year, with the growth rate ranking among the highest in Guangxi Zhuang autonomous region.

The rapid growth rate of fixed-asset investment in Hechi is mainly due to the accelerated promotion of major projects. Last year, the city received 685 million yuan ($108 million) in central budget funds and 2.24 billion yuan in local government special bond funds. A total of 1,183 projects had been planned, with an investment of 319.9 billion yuan, providing strong support for expanding effective investment.

Throughout the year, five key projects start and completion ceremonies were organized, while 192 projects were started or completed, with a total investment of 78.86 billion yuan. Last year, the operating rate of investment projects invested in with central budget funds reached 100 percent, while the investment completion rate of network construction projects reached 125 percent. The efficient project scheduling mechanism has laid a strong institutional foundation for Hechi's fixed-asset investment.