(JW Insights) Aug 1 -- 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), said data from the Ministry of Industry and Information Technology on July 31.

The growth rate was 0.5 percentage points higher than the all-industry average, said a Xinhua report on the same day.

Major firms in the sector saw revenues down 4.2 percent year on year. Profits plunged 25.2 percent from a year earlier to RMB241.8 billion (about $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 RMB20 million ($2.79 million) each.

(Li PP)