(CFP Photo)

Fixed asset investment in Jiangsu Province maintained a stable growth of 5.4% year-on-year in the first 11 months of this year, according to the provincial Department of Statistics.

The province saw a steady expansion in the investment into large projects. For instance, the actualized investment in projects worth at least one billion yuan surged by 17.7% during the period, accounting for 30.1% of the total fixed asset investment across the province.

Infrastructure investment in the first 11 months increased by 6.7% year-on-year. Notably, investment in large infrastructure projects worth over 500 million yuan and one billion yuan expanded by 13.4% and 15.9%, respectively, playing an important role in driving overall expansion.

In addition, investment in the manufacturing industry also maintained rapid growth from January to November, with a year-on-year growth of 9.4%, accounting for 44.5% of the total fixed asset investment during the period.

Furthermore, 21 out of 31 major categories in the manufacturing industry reported growth, especially in the electrical machinery and equipment (47.3%) and automobile (21.7%).