China National Bureau of Statistics says innovation-led growth and rapid
expansion in emerging industries have widened investment space and lifted
related investment demand. Jan‑May: investment in intellectual property products
rose 9.3% YoY, 0.4ppt faster than Jan‑Apr, contributing 1.1ppt to overall
investment growth. High‑tech industry investment was up 4.5% YoY. Integrated
circuit manufacturing investment rose 11.0%, lithium‑ion battery manufacturing
investment rose 24.9%, and information services investment rose 13.8% YoY.
Large‑scale equipment renewal policies have spurred corporate upgrades;
purchases of equipment and tools investment increased 9.3% Jan‑May.