Nansha's fixed asset investment growth hits new record

Nansha Area of China (Guangdong) Pilot Free Trade Zone. [Photo/gznsnews.com.cn]

In 2021, Nansha's fixed asset investment exceeded 100 billion yuan ($16 billion) for the first time, with a year-on-year growth of 22.3 percent, ranking first not only in the city, but also among 19 State-level new areas.

Investment in social welfare grew rapidly, up 89.4 percent year-on-year, while infrastructure investment in transportation, warehousing, and postal services grew 5 percent year on year.

Private industrial investment increased 58.4 percent year-on-year, 39 percentage points higher than other areas in Guangzhou.

The annual key project target of Nansha had been over-fulfilled in 2021, with the completion rate reaching 109.3 percent.

A total of 8.99 billion yuan of new local government bonds were issued during 2021, ranking first in Guangzhou.

Nansha adhered to the innovation of investment management service mechanisms and saved more than three months on average of construction time for enterprises during 2021.