From January to April this year, Hainan saw a 22.6 percent increase in fixed asset investment over the same period last year. During this period, non-real estate investment grew by 19.3 percent year-on-year, while investment in the manufacturing industry served as the main driver in the fixed asset investment sector, with a year-on-year increase of 171.6 percent.
Additionally, investment in western Hainan continued to maintain rapid growth — investment in the Yangpu Economic Development Zone increased by 394 percent year-on-year, ranking first among the 19 cities, counties and economic development zones of the island province.
The consumer goods market continues to show great demand, especially in high-end consumer goods. For the first four months of 2021, total retail sales of consumer goods in Hainan reached 76.233 billion yuan ($11.8 billion), up 57.9 percent year-on-year. Retail sales of cosmetics, precious metals & jewelry, and communication equipment maintained rapid growth, with a year-on-year increase of 225.1 percent, 289.7 percent and 189.0 percent respectively. Auto sales rose 90.3 percent year-on-year, with sales of new energy vehicles up 166.6 percent over last year's numbers.
