Invest, invest


Enterprises in the Mainland funded by investors from Macau, Hong Kong and Taiwan, as well as other foreign investors, saw a 6.8 per cent surge in their value added during the first two months of the year, according to the National Bureau of Statistics of China data.
Overall, in terms of industry, that which saw the highest increase was that of the high-tech industry – which underwent a 12.6 per cent value added increase, chased by the manufacturing industry, which saw a 11.9 per cent increase. In total during the month of February, the total value added of industrial enterprises above the designated size was 0.6 per cent month-to-month, according to the data.
During the same period, the total amount of investment in real estate development amounted to RMB985.4 billion, an increase of 8.9 per cent year-on-year. Investment in residential buildings saw a 9 per cent year0on-year uptick, while the floor space of newly started houses went up 14.8 per cent, hitting 172. 4 million square metres. Residential buildings newly started saw their floor area increase by 14.8 per cent year-on-year.
Commercial building sales hit RMB1.08 billion in the first two months of the year, a 26 per cent increase year-on-year, whereas that of residential buildings grew 22.7 per cent.
Real estate investment companies such as Country Garden Holdings have continued to attract local and Hong Kong investors to invest in Mainland properties, with the company earning RMB63.81 billion in contracted sales for the same two-month period.