From January to July of 2021, the national fixed asset investment (excluding rural households) increased by 10.3% year-on-year; taking the January-July period of 2019 as the base period, the two-year average growth rate was 4.3%, a decrease of 0.1 percentage point from the first half of the year; July The month-on-month increase was 0.18%. In general, the scale of investment continued to recover stably, and the investment structure continued to be optimized.

　　 1. Investment in high-tech industries has grown rapidly

　　 From January to July, investment in high-tech industries increased by 20.7% year-on-year, and the two-year average growth rate was 14.2%, down 0.4% from the first half of the year. Investment in high-tech manufacturing increased by 27.1% year-on-year. Among them, the investment in the aviation, spacecraft and equipment manufacturing industry increased by 49.7%, the investment in the computer and office equipment manufacturing industry increased by 46.9%, the investment in the medical equipment and instrumentation manufacturing industry increased by 34.9%, and the investment in the electronics and communication equipment manufacturing industry increased by 26.7%. Investment in high-tech services increased by 8.8% year-on-year. Among them, the investment in e-commerce service industry increased by 42.7%, the investment in R&D and design service industry increased by 27.2%, and the investment in inspection and testing service industry increased by 25.7%.

　　 2. Investment in the manufacturing industry is growing well

　　 From January to July, manufacturing investment increased by 17.3% year-on-year, 7.0 percentage points higher than all investment; the two-year average growth rate was 3.1%, 1.1 percentage points faster than the first half of the year, and continued to accelerate after turning from negative to positive from January to May. Investment in raw material manufacturing increased by 19.1% year-on-year, of which investment in chemical raw materials and chemical products manufacturing increased by 28.2%, ferrous metal smelting and rolling processing industry investment increased by 21.6%, non-metallic mineral products industry investment increased by 14.7%, non-ferrous metal smelting and rolling Investment in the processing industry increased by 12.7%. In addition, investment in equipment manufacturing and consumer goods manufacturing increased by 18.2% and 15.2%, respectively.

　　 3. The growth rate of investment in the social sector remains stable

　　 From January to July, investment in the social sector increased by 13.1% year-on-year, 2.8 percentage points faster than all investments; the two-year average growth rate was 10.9%, 0.2 percentage points faster than the first half of the year. Among them, health investment increased by 31.8% year-on-year, and education investment increased by 12.1%.

　　 From January to July, investment in the production and supply of electricity, heat, gas and water increased by 1.7% year-on-year; the two-year average growth rate was 9.6%, a drop of 1.0 percentage point from the first half of the year. Among them, investment in the power and heat production and supply industries increased by 4.7% year-on-year.

　　 4. Private investment continues to recover

　　 From January to July, private investment increased by 13.4% year-on-year, continuing the rapid growth trend. Among them, private investment in agriculture, forestry, animal husbandry and fishery increased by 21.2%, private investment in infrastructure increased by 20.1%, private investment in manufacturing increased by 19.3%, private investment in real estate development increased by 12.8%, and private investment in social sectors increased by 7.6%.

　　 Generally speaking, fixed asset investment continued to recover and the structure continued to be optimized. But at the same time, we must also realize that unstable and uncertain factors affecting investment still exist. Recently, Jiangsu, Henan, Hunan and other regions have been affected by the flood conditions and the epidemic, and the construction progress of Jian'an investment and construction has slowed down. In the next stage, we must adhere to the general tone of seeking progress while maintaining stability, accelerate the construction of major engineering projects in the "14th Five-Year Plan", reasonably grasp the progress of budgetary investment and local government bond issuance, promote the formation of physical workloads, and promote stable investment growth.