BEIJING – China’s electronics industry saw investments for the first five months of this year climb 16.5% to RMB 118.03 billion (US$17.28 billion) reports the Ministry of Industry and Information Technology (MIIT).
 
  From January through May, new projects rose 21.8% from last year to 1,463, says the MIIT. Planned investment in new projects jumped 68% year-over-year to RMB 136 billion (US$19.9 billion).
 
The majority of growth occurred in the electronic equipment, electric components, mobile telecom equipment and optical fiber sectors, with rates up 34%, 33%, 40% and 118% respectively.
 
Despite the jump, growth for the period was 2.7 percentage points less year-over-year and six percentage points less than the first four months of 2009.
 
The computer sector saw the largest investment increase for the period, up 17.8% to RMB 8.92 billion (US$1.3 billion), with the telecom sector up 17.4% to RMB 10.32 billion (US$1.51 billion). Investments in the home audiovisual sector fell 6.8% to RMB 2.58 billion (US$377.67 million).
 
Domestic enterprises saw investments for the period climb 39.7% from last year to RMB 76.08 billion (US$11.1 billion). Investments for foreign-funded enterprises dropped 10.5% to RMB 41.95 billion (US$6.14 billion). 
 
 
 
 

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