The Zhonglou district of Changzhou, with its development philosophy focusing on industrial projects, saw good momentum in fixed-asset investment (FAI) in the first quarter of 2022.
From January to March, Zhonglou’s FAI expanded 5.5 percent year-on-year, despite a substantial decrease in investments in the month of March due to the resurgence of COVID-19.
Growth has been accelerated by investments in the secondary industry which soared 32 percent year-on-year, of which, investment in projects worth over 100 million yuan accounted for 82.8 percent, driving the district’s FAI growth by 3.4 percentage points in the first three months.
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