Zhanjiang's total fixed-asset investments in the first three quarters of this year reached 70.61 billion yuan ($11.12 billion), an increase of 33.3 percent over the same period last year, hitting a new record, the Zhanjiang Daily quoted the Zhanjiang Development and Reform Bureau as saying on Oct 26.

From January to September this year, the city's industrial sector recorded rapid growth. The added value of industrial enterprises above designated size reached 47.76 billion yuan, a year-on-year increase of 10 percent. The growth rate ranked second in all of Guangdong province.

The city's private investments also reached 39.9 billion yuan, an increase of 26.5 percent over the same period last year. It accounted for 56.6 percent of the total investments, which is regarded as an important factor to stimulate investment growth.

Edited by Mevlut Katik