Society

China's electronic info sector shines in luring investment

(Xinhua)
Updated: 2011-07-01 22:14

BEIJING - Investment continued to pour into China's electronic information sector in the first five months despite a slower pace of growth in May, according to the Ministry of Industry and Information Technology (MIIT).

The electronic information industry attracted a total investment of 84.7 billion yuan ($13.1 billion) of investment in May, up 68.9 percent year-on-year.

The sector's investment growth rate was already 20.6 percentage points lower than April and 23 percentage points lower than March, according to MIIT.

Taking the first five months together, investments in the electronic information industry surged 80 percent from a year earlier to 310.5 billion yuan, or an equivalent to the amount of the first seven months of last year.

The Jan-May growth of investment in the electronic information sector was 38.1 percentage points faster than one year earlier, or 54 percentage points higher than the average industrial investment in the first five months of this year, the MIIT said.