High-tech sectors lead the rebound of investments in China


Source: medicalbuyer.co.in medicalbuyer.co.in

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Fitch Ratings-Shanghai-16 May 2021: Fitch Ratings expects China’s high-technology sectors to see strong fixed-asset investment (FAI) growth amid the nation’s strategic goal to upgrade the industrial structure, spur innovation, and boost self-sufficiency for technology products. China’s fast recovery from the pandemic and promotion of industries with high value-add has driven strong 37.3% growth in FAI in the high-tech sectors in 1Q21. This pace is equivalent to a CAGR of 9.9% since 1Q19, outperforming the total FAI growth of 25.6% yoy in 1Q21 and CAGR of 2.9% since 1Q19. The high-tech manufacturing sector, in particular, saw robust FAI growth of 41.6%...