Interpretation from the National Bureau of Statistics: In January-July, the new momentum of investment increased well, and structural adjustment continued to advance

The Zhitong Finance App learned that on August 17, Zhang Gang of the Investment Department of the National Bureau of Statistics interpreted investment data from January to July 2026. Zhang Gang said that in January-July, with the rapid development of new quality productivity and the steady transition of old and new kinetic energy, investment in related fields such as technological innovation and industrial upgrading maintained a good growth trend, driving the investment structure to continue to improve. Emerging industries are being cultivated and expanded at an accelerated pace, and investment in high-tech industries is growing faster. From January to July, investment in high-tech industries increased by 5.0% year on year. The growth rate was 0.4 percentage points faster than in the first half of the year, driving up total investment by 0.5 percentage points. In the next stage, it is necessary to thoroughly implement the decisions and arrangements of the Party Central Committee and the State Council, speed up the use of fiscal expenditure and bond funds, vigorously promote “dual” construction and “two new” work, solidly advance the “six networks” planning and construction, promote large-scale development of emerging pillar industries throughout the chain, accelerate the construction of a modern industrial system, insist on investing in goods and people to work together to further optimize the investment structure and efficiency, and give better play to the key role of effective investment in optimizing the supply structure.

The original text is as follows:

New investment momentum is growing well, and structural adjustment continues to advance

——Zhang Gang of the Investment Department of the National Bureau of Statistics interprets investment data from January to July 2026

From January to July, with the rapid development of new quality productivity and the smooth and continuous transformation of old and new kinetic energy, investment in related fields such as technological innovation and industrial upgrading maintained a good growth trend, driving the investment structure to continue to improve.

1. The growth rate of investment in high-tech industries is accelerating

Emerging industries are being cultivated and expanded at an accelerated pace, and investment in high-tech industries is growing faster. From January to July, investment in high-tech industries increased by 5.0% year on year. The growth rate was 0.4 percentage points faster than in the first half of the year, driving up total investment by 0.5 percentage points.

From January to July, investment in high-tech manufacturing increased by 3.3% year on year, 0.1 percentage points faster than in the first half of the year. Among them, investment in the electronic circuit manufacturing industry increased by 57.7%, and the growth rate accelerated by 2.1 percentage points; investment in the integrated circuit manufacturing industry increased by 11.5%, the growth rate accelerated by 2.7 percentage points; investment in the lithium-ion battery manufacturing industry increased by 23.0%; and investment in the electronic special materials manufacturing industry increased by 9.4%.

From January to July, investment in high-tech services increased by 8.4% year on year, 0.9 percentage points faster than in the first half of the year. Driven by the rapid development of artificial intelligence, investment in the information service industry increased by 19.2%, and the growth rate accelerated by 3.7 percentage points.

II. Investment in intellectual property products is growing steadily and rapidly

Innovation-driven development continues to deepen, and investment in intellectual property products continues to increase. From January to July, the country's investment in intellectual property products increased by 9.1% year on year; it accounted for 14.8% of total investment, an increase of 2.1 percentage points over the same period last year; driving total investment growth of 1.2 percentage points.

3. Increased growth rate of investment in equipment acquisition

The effects of the “two new” policies continue to show, and the artificial intelligence computing power construction layout continues to accelerate, driving equipment purchase investment to maintain a relatively rapid growth rate. From January to July, investment in the purchase of equipment and tools increased 9.0% year on year, 0.9 percentage points faster than in the first half of the year; driving total investment growth by 1.5 percentage points; accounting for 19.1% of total investment, an increase of 2.8 percentage points over the same period last year.

4. Infrastructure investment in key areas is growing well

The construction of the “dual” project is progressing steadily, the construction of a modern infrastructure system represented by the “six networks” is progressing at an accelerated pace, and investment in related fields has maintained a good growth trend. From January to July, investment in the Internet and related services increased by 41.3% year on year, 1.4 percentage points faster than in the first half of the year; investment in air transport increased 15.7%, 4.7 percentage points faster; investment in water transport increased 16.2%; and investment in electricity supply increased 16.0%.

5. Continuous optimization of the industrial investment structure

The construction of a modern industrial system is progressing steadily, the transformation and upgrading of traditional industries is accelerating, and the industrial investment structure is improving. From January to July, investment in the mining industry increased by 3.3% year on year, driving up total industrial investment by 0.2 percentage points. Investment in the equipment manufacturing industry increased by 1.1%, driving up total industrial investment by 0.4 percentage points. Among them, investment in the railway, ship, aerospace and other transportation equipment manufacturing industry increased by 18.7%; investment in the computer, communications and other electronic equipment manufacturing industry increased by 7.8%, 1.3 percentage points faster than in the first half of the year.

In the next stage, it is necessary to thoroughly implement the decisions and arrangements of the Party Central Committee and the State Council, speed up the use of fiscal expenditure and bond funds, vigorously promote “dual” construction and “two new” work, solidly advance the “six networks” planning and construction, promote large-scale development of emerging pillar industries throughout the chain, accelerate the construction of a modern industrial system, insist on investing in goods and people to work together to further optimize the investment structure and efficiency, and give better play to the key role of effective investment in optimizing the supply structure.

This article was selected from the official website of the “National Bureau of Statistics”, Zhitong Finance Editor: Xu Wenqiang