Investment in China's electronics industry up 16.5% in Jan-May

Jul. 20, 2009 (China Knowledge) - China's electronics industry realized investment of RMB 118.03 billion in the first five months of this year, up 16.5% year on year, said the Ministry of Industry and Information Technology in a statement.

However, the growth was 2.7 percentage points less than in the same period of last year and six percentage points less than in the first four months of this year.

During the first five months of this year, China launched 1,463 new projects, up 21.8% compared with a year ago. The planned investment in new projects surged 68% from a year earlier to RMB 136 billion. New projects are mainly in the sectors of electric components, electronic equipment, mobile telecom equipment and optical fiber, which saw year-on-year growth rates of 33%, 34%, 40% and 118%, respectively.

Investment in the electronic device industry declined 16.4% year on year to RMB 24.64 billion in the first five months of this year.

During the period from January to May, investment in the telecom equipment sector was up 17.4% and reached 10.32 billion. Investment in the computer industry increased 17.8% to RMB 8.92 billion, while investment in the home audiovisual appliances industry decreased 6.8% to RMB 2.58 billion.

Domestic enterprises realized investment of RMB 76.08 billion in the first five months of 2009, reflecting a year-on-year growth of 39.7%, while foreign-funded enterprises realized investment of RMB 41.95 billion, down 10.5% year on year.