China's investment in electronic information manufacturing industry grows 9.4% in H1

BEIJING - China's fixed-asset investment in the electronic information manufacturing sector grew 9.4 percent year-on-year during the first half of the year (H1), official data showed Monday.

The growth rate was 0.5 percentage points higher than the all-industry average, according to the Ministry of Industry and Information Technology.

Major firms in the sector saw revenues down 4.2 percent year-on-year. Profits plunged 25.2 percent from a year earlier to 241.8 billion yuan ($33.91 billion), compared with a 49.2-percent decrease in the January-May period.

China's major electronic information manufacturers are those with an annual main business revenue of at least 20 million yuan each.