Investment in Fixed Assets for January to March 2014

National Bureau of Statistics of China 2014-04-16 15:40 Print| Large| Medium| Small

From January to March 2014, the investment in fixed assets (excluding rural households) reached 6,832.2 billion yuan, up by 17.6 percent year-on-year in nominal terms (the actual growth of 16.3 percent after deducting price factors), dropped 0.3 percentage points over that in the first two months. In March, the investment in fixed assets (excluding rural households) increased 1.24 percent, month-on-month.

 

 

 

In term of different industries, from January to March, the investment in primary industry was 117.0 billion yuan, went up by 25.8 percent year-on-year; promoted 4.9 percentage points over that in the first two months, that of secondary industry was 2,825.4 billion yuan, went up by 14.7 percent, up by 1.0 percentage point; that of tertiary industry was 3,889.8 billion yuan, went up by 19.6 percent, went down by 1.2 percentage points. In secondary industry, the investment in industry reached 2,789.4 billion yuan, increased 15.0 percent, up by 1.2 percentage points. Of which, the investment in mining industry stood at 150.0 billion yuan, went up by 12.1 percent, up by 1.9 percentage points; that of manufacture, 2,358.2 billion yuan, increased 15.2 percent, up by 0.1 percentage point; that of production and supply of electric power, heat power, gas and water, 281.2 billion yuan, increased 15.1 percent, up by 9.6 percentage points.

 

In term of different areas, the investment in eastern region amounted to 3,526.4 billion yuan, rose by 16.4 percent year-on-year, dropped 0.1 percentage points over that in the first two months; that of central region, 1,703.1 billion yuan, surged 20.2 percent, down by 0.4 percentage points; that of western region, 1,557.9 billion yuan, increased 19.1 percent, declined 0.9 percentage points.

 

In term of types of registration, the investment by domestic enterprises was 6,423.6 billion yuan, up by 19.0 percent year-on-year, dropped 0.2 percentage points over that in the first two months; investment by funds from Hong Kong, Macao and Taiwan was 189.3 billion yuan, down by 2.0 percent, while that 2.9 percent increased in the first two months; and the investment by foreign funds was 197.6 billion yuan, up by 1.7 percent, declined 3.5 percentage points.

 

In terms of jurisdiction of project management, the central investment reached 298.9 billion yuan, increased 11.3 percent year-on-year, dropped 0.6 percentage points over that in the first two months; while the local investment was 6.533.2 billion yuan, up by 17.9 percent, declined 0.4 percentage points.

 

Analysis on projects under construction or started this year showed that, the total planned investment in projects under construction reached 52,193.8 billion yuan, up by 14.2 percent year-on-year, dropped 2.6 percentage points over that in the first two months. The total planned investment in newly started projects was 5,501.5 billion yuan, up by 12.6 percent year-on-year, decreased 2.1 percentage points.

 

In terms of paid-in funds, 9,574.4 billion yuan had been invested, rose by 12.8 percent year-on-year, 1.8 percentage points decreased over that in the first two months. Of this total, the growth of government budgetary funds went up by 18.2 percent, 12.9 percentage points increased over that in the first two months, investment from domestic loans went up by 15.3 percent, 0.9 percentage points increased, that from self-raising funds went up by 15.6 percent, 2.2 percentage points decreased, that from foreign investment decreased 6.2 percent, 3.4 percentage points decreased,  other investment dropped 0.2 percent, 7.7 percentage points increased over that in the first two months.

 

 

 

Investment in Fixed Assets For January to March

 

Indicators

Jan-Mar

Absolute Value

Increase rate Y/Y

(%)

 

 

 

Investment in Fixed Assets (Exclude Rural Households) (100 million yuan)

68322

17.6

  Of which: State-owned and State Holding

20644

14.5

Grouped by Jurisdiction of Project Management

 

 

 Central Investment

2989

11.3

 Local Investment

65332

17.9

Grouped by Constitution

 

 

  Construction and Installation

47173

20.9

  Purchase of Equipment and Instruments

12639

10.4

  Other Expenses

8510

11.5

Grouped by Types of Industry

 

 

 Primary Industry

1170

25.8

 Secondary Industry

28254

14.7

 Tertiary Industry

38898

19.6

Grouped by Industrial Sectors

 

 

 Agriculture, Forestry, Animal Husbandry and Fishery

1459

23.9

 Mining

1500

12.1

  Of which: Mining and Washing of Coal

507

6.2

      Extraction of Petroleum and Natural Gas

339

18.7

      Ore Mining, Smelting and Pressing of Ferrous Metals

183

17.1

      Ore Mining, Smelting and Pressing of Non-Ferrous Metal

173

0.3

      Ore Mining, Processing of Non-Metallic Minerals

247

23.9

 Manufacturing

23582

15.2

Of which: Processing of Food from Agricultural Products

1142

21.6

Manufacture of Foods

536

21.9

           Manufacture of Textile

808

16.4

Manufacture of Chemical Raw Material and Chemical Products

2119

15.5

Manufacture of Medicines

691

14.5

Manufacture of Rubber and Plastics Products

894

23.7

         Manufacture of Non-metallic Mineral Products

2065

15.4

      Smelting and Pressing of Ferrous Metals

710

-7.5

      Smelting and Pressing of Non-Ferrous Metal

795

11.3

Manufacture of Fabricated Metal Products

1204

14.9

      Manufacture of General Purpose Machinery

1773

17.8

      Manufacture of Special Purpose Machinery

1628

12.7

      Manufacture of Automobile

1540

13.1

      Manufacture of Railways, Shipbuilding, Aerospace and Other Transportation Equipment

468

14.1

      Manufacture of Electrical Machinery & Equipment

1556

10.3

      Manufacture of Telecommunications Equipment, Computers and Other Electronic Equipment

1303

13.3

 Production and Supply of Electricity ,Gas and Water

2812

15.1

  Of which: Production and Supply of Electric Power and Heat Power

2185

14.8

 Construction

452

-1.8

 Transport, Storage and Post

5394

20.4

  Of which: Railway Transportation

650

15.9

      Road Transportation

3268

23.0

 Management of Water Conservancy, Environment and Public Facilities

5461

24.6

  Of which: Management on Water Resource

799

35.7

      Management on Public Facilities

4480

23.6

 Education

842

18.6

 Health, Social Works

498

16.9

 Culture, Sports and Entertainment

840

21.0

 Public Management, Social Security and Social Organizations

763

5.9

Grouped by Registration Type

 

 

 Domestic Funded

64236

19.0

 Funds from Hong Kong, Macao and Taiwan

1893

-2.0

 Foreign Investment

1976

1.7

Grouped by Construction and New Projects

 

 

 Total Investment in Construction Project

521938

14.2

 Total Planned Investment in New Projects

55015

12.6

Funds in Place for Investment (Exclude Rural Households)

95744

12.8

  Of which: Government Budgetary Funds

3688

18.2

      Domestic Loans

13931

15.3

      Foreign Investment

1002

-6.2

      Self-Raising Funds

63286

15.6

      Other Funds

13838

-0.2

 

 

 

Note:

1.The growth rate in this table are all nominal growth rate.

2.For parts of data, the total is not equal to the total of sub-items due to round-off.

 

Annotations:

 

1. Explanatory Notes on Indicators

 

Investment in fixed assets (excluding rural households): refers to the total workload on construction and purchase for fixed assets during a certain period in the form of currency, as well as the concerning expenses.

 

Paid-in fund: refers to all funds received by investment units used for fixed assets during the reference period, including state budgetary fund, domestic loans, foreign investment, self-raised funds, and others.

 

Newly started project: refers to all newly started construction projects during the reference period.

 

State-owned and Stat-holding Enterprises: including absolutely state-holding enterprises, relatively state-holding enterprises and consultatively state-holding enterprises. Absolutely state-holding enterprises refer to those enterprises that the proportion of state investment capital to the total actual capital (or capital stock) is larger than 50 percent.

 

Relatively state-holding enterprises refer to those enterprises that the proportion of state investment capital to the total actual capital (or capital stock) is less than 50 percent, but larger than any other single share holders. Consultatively state-holding enterprises refer to those enterprises that the proportion of state investment capital to the total actual capital (or capital stock) is less than other share holders, but owning the real control power regulated by agreement.

 

The enterprises which the proportion of investment capital of the two investors is 50 percent, and the share holding control power is not clearly stated by either side, if one of them is state-owned, are all classified as the state-holding enterprises without exception.

 

The investment projects invested by the administrative and institutional units are all classified as state-holding.

 

Types of Registration: the types of registration on the enterprises are based on the Provisions for the Classification of Types of Enterprise Registration jointly issued by NBS and State Administration of Industry and Commerce. And that on the individual operation is based on Note on the Code & Classification of Types of Individual Operation Registration.

 

According to the provision of statistical reporting system, all grassroots units shall fill in registration types. The registration types shall be filled in by the enterprises or individual operation units engaged in investment in fixed assets. Those who have already registered in the industrial and commercial administrative units, shall fill in based on the registration types, if unregistered, shall be filled in based on the registration types of investors or that on the provisions of related papers.

 

Domestic enterprise includes state-owned enterprise, collective enterprise, joint enterprise, limited liability enterprise, share-holding enterprise, private enterprise and others.

 

Enterprises with funds from Hong Kong, Macao and Taiwan includes joint-venture and cooperation by Hong Kong, Macao and Taiwan, Hong Kong, Macao and Taiwan Sole Investment, Hong Kong, Macao and Taiwan Funded Share-holding Corporations Ltd., and other investment enterprises by Hong Kong, Macao and Taiwan.

 

Foreign investment enterprise includes joint-venture and cooperation enterprises, foreign funded enterprise, foreign funded share-holding corporations Ltd., and other foreign investment enterprises.

 

2. Statistical Coverage

 

Refers to construction projects on fixed assets and real estates involving a total planned investment of 5 million yuan and over.

 

3. Data Collection

 

The report of investment on fixed assets is collected monthly with complete enumeration (no report in January).

 

4. Classification on East, Central and West Region

 

Eastern region: including Beijing, Tianjin, Hebei, Shanghai, Jiangsu, Zhejiang, Fujian, Shandong, Guangdong and Hainan. Central region: including Shanxi, Anhui, Jiangxi, Henan, Hubei and Hunan. Western region: including Inner Mongolia, Guangxi, Chongqing, Sichuan, Guizhou, Yunnan, Tibet, Shaanxi, Gansu, Qinghai, Ningxia and Xinjiang.

 

5. Standard Industrial Classification

 

Since 2012, NBS performed the new standard on industrial classification for national economic activities (GB/T 4754-2011), please refer to  http://www.stats.gov.cn/tjsj/tjbz

 

6. Explanatory Notes on Growth Rate

 

The growth rate of investment in fixed assets are calculated in nominal except that in Jan.- Mar., Jan.-Jun., Jan-Sep. and Jan.-Dec. in case of the price indices of investment in fixed assets are calculated on quarterly.

 

7. Revision on Month-on-Month Data

 

According to the auto-revision function of the seasonal adjustment model, the month-on-month growth rate of investment on fixed assets from March 2013 to March 2014 has been revised as follows:

 

The Month-on-Month Growth Rate of Investment on Fixed Assets

(Excluding Rural Households)

 

 

Growth Rate (%)

 

 

2013-March

1.48

April

1.46

May

1.41

June

1.41

July

1.46

August

1.51

September

1.29

October

1.36

November

1.43

December

1.38

2014-January

1.36

February

1.28

March

1.24