Source: Yiwu sourcing agent Author: Gary Date: 2011-05-05
This year, Yiwu enhances basic construction project of industrial park and auxiliary job facilities. It focuses on the construction rate of new projects and completion rate of production. This is the reason for the increase of industrial investment.
In addition, with the economic growth becoming better, enterprises have gotten confidence to invest again. The investment enthusiasm is further improved. In the first quarter, there are 16 industrial investment projects which are valued more than 100 million. It has increased by 33.3% compared to the same period last year. There are 870 million investments in manufacture. It has increased by 44.5% compared to the same period last year. Among these, there are 350 million investments in textile industry which account for 40% of total investment. For example, Yiwu Huading nylon Co.Ltd has added 50million worth of equipments. Zhejiang Fengli socks Co.Ltd has invested 35million to build new plant.
Civil investments account for 70%
In the first quarter, investment in property is also worth attention. Residential investment is 1.07 billion Yuan which has increased by 50.3%. Recently, Yiwu floor space under construction of building is 3.16 million square meters. Among these, floor space under construction of house is 2.33 square meters and business is 330000 square meters. Yiwu leaves wealth with people. Faced with credit squeeze, investment in property is still increasing quietly depending on civil capital.
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