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Xiamen's fixed asset investments yielded remarkable results in past ten years

Recently, the Xiamen Bureau of Statistics published an analysis of fixed asset investments in Xiamen ever since the convening of 18th CPC National Congress. Overall investment in the city's fixed assets is charted to increase from 602.655 billion yuan in 2012 to 1.460933 trillion yuan in 2021, with an average annual growth rate of 10.3%. Meanwhile, the rate of transformation and upgrading in the industrial structure has sped up and continued sustained growth, as the structure of investment in fixed assets constantly adjusts and optimizes. Infrastructure has witnessed continuous improvement. In 2021, infrastructure investment in the city will be 71.209 billion yuan, growing 92.3 percent over 2012, with an average annual increase of 7.5 percent. Investments outside the island have become the major growth pole, with fixed asset investments outside Xiamen Island rising from 85.421 billion yuan in 2012 to 194.39 billion yuan in 2021, a 1.3-time increase and an average annual increase of 9.6%. Investments in social undertakings are thriving. In 2021, Xiamen's investment in social undertakings totaled 16.568 billion yuan. This was a 1.2-time increase over 2012, with an average annual increase of 9.1%. Industrial investments have maintained relatively rapid growth. In 2021, the city's industrial investments totaled 50.409 billion yuan, an increase of 89.8 percent over 2012, with an average annual growth rate of 7.4 percent.

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