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Red Net Time News August 16th(Reporter Chen Xuehua) According to the information just released by the Hunan Provincial Bureau of Statistics, the economy rebounded from January to July this year, with the province's industrial added value increasing by 7.0% year-on-year, investment growth picking up, fixed asset investment increasing by 3.2% year-on-year, and the province's total retail sales of consumer goods reaching 1,180.92 billion yuan, up 5.6% year-on-year.

Since the beginning of this year, Hunan has made every effort to do a good job in the "Ten Coordination" and continue to promote the "Eight Major Actions". The economic operation has steadily recovered and the quality and efficiency of development have been continuously improved. From January to July, industrial production accelerated, and the province's industrial added value increased by 7.0% year-on-year, of which the growth in July was 7.5%, 1.9 percentage points faster than in June.

The equipment manufacturing industry provided strong support. The added value of the equipment manufacturing industry increased by 8.4%, 0.1 percentage point faster than the first half of the year, and drove the scale industry to grow by 2.6 percentage points. Among them, the electronic information, general equipment manufacturing, and metal products industries grew by 26.9%, 9.8%, and 11% respectively. The raw materials industry grew rapidly. The raw materials industry grew by 9.8%, among which the non-ferrous metal smelting and rolling processing industry and the chemical raw materials and chemical products manufacturing industry grew by 19.1% and 17.5% respectively. The corporate benefits were good. In the first half of the year, all 39 major industries in the scale industry achieved profits, with total profits increasing by 7.3% and operating income profit margins of 5.3%, up 0.2 percentage points year-on-year.

From January to July, the province's fixed asset investment increased by 3.2% year-on-year, 2.8 percentage points faster than the first half of the year. The growth of industrial investment continued. Industrial investment increased by 11%, 5.4 percentage points faster than the first half of the year, of which investment in electricity, heat, gas and water production and supply industries increased by 16.7%. Infrastructure investment recovered faster. Infrastructure investment increased by 5.5%, 2.3 percentage points faster than the first half of the year. Private investment turned from negative to positive. Private investment increased by 1.9%, 3.4 percentage points higher than the first half of the year.