Investment in Fixed Assets for January to November 2014
National Bureau of Statistics of China2014-12-12 16:46




From January to November 2014, the investment in fixed assets (excluding rural households) reached 45,106.8 billion yuan, up by 15.8 percent year-on-year in nominal terms, dropped 0.1 percentage point over that in the first ten months. In November, the investment in fixed assets (excluding rural households) increased 1.02 percent, month-on-month.

 

 

 

In term of different industries, from January to November, the investment in primary industry was 1,089.9 billion yuan, went up by 29.9 percent year-on-year, increased 1.0 percentage point over the first nine months; that of secondary industry was 18,819.0 billion yuan, went up by 13.3 percent, decreased 0.1 percentage point; that of tertiary industry was 25,197.9 billion yuan, went up by 17.1 percent, a decrease of 0.3 percentage points.

 

In secondary industry, the investment in industry reached 18,463.6 billion yuan, increased 13.0 percent year-on-year, 0.1 percentage point lower over the first ten months. Of which, the investment in mining industry stood at 1,262.1 billion yuan, went up by 1.4 percent, down by 0.8 percentage points; that of manufacture, 15,146.1 billion yuan, increased 13.5 percent, and the growth rate kept at the same level over the first ten months; that of production and supply of electric power, heat power, gas and water, 2,055.4 billion yuan, increased 17.4 percent, down by 0.3 percentage points.

 

In tertiary industry, the investment in infrastructure (excluding electricity) was 7,538.0 billion yuan, increased 21.8 percent year-on-year, down by 0.8 percentage points over that in the first ten months. Of which, the investment in management of water conservancy increased 26.9 percent, up by 5.0 percentage points; that of management of public facilities increased 24.8 percent, down by 0.4 percentage points; that of transport via road increased 16.9 percent, down by 2.0 percentage points; that of transport via railway increased 24.7 percent, down by 0.4 percentage points.

 

In term of different areas, the investment in eastern region amounted to 20,581.5 billion yuan, rose by 14.5 percent year-on-year, dropped 0.1 percentage point over that in the first ten months; that of central region, 12,650.5 billion yuan, surged 17.4 percent, down by 0.2 percentage points; that of western region, 11,465.1 billion yuan, increased 17.7 percent, decreased 0.1 percentage point.

 

In term of types of registration, the investment by domestic enterprises was 42,852.3 billion yuan, up by 16.4 percent year-on-year, dropped 0.2 percentage points over that in the first ten months; investment by funds from Hong Kong, Macao and Taiwan was 1,080.5 billion yuan, up by 9.2 percent, increased 0.6 percentage points; and the investment by foreign funds was 998.2 billion yuan, kept at the same level over the same period last year, and the growth rate increased 0.2 percentage points over that in the first ten months.

 

In terms of jurisdiction of project management, the central investment reached 2,205.4 billion yuan, increased 7.3 percent year-on-year, 3.1 percentage points lower over that in the first ten months; while the local investment was 42,901.3 billion yuan, up by 16.2 percent, remained at the same level over that in the first ten months.

 

Analysis on projects under construction or started this year showed that, the total planned investment in projects under construction reached 92,746.0 billion yuan, up by 11.1 percent year-on-year, decreased 0.4 percentage points over that in the first ten months. The total planned investment in newly started projects was 37,275.7 billion yuan, up by 13.5 percent year-on-year, decreased 0.2 percentage points.

 

In terms of paid-in funds, from January to November, 48,188.8 billion yuan had been invested, rose by 11.5 percent year-on-year, decreased 0.9 percentage points over that in the first ten months. Of this total, the growth of government budgetary funds went up by 14.0 percent, decreased 0.3 percentage points, investment from domestic loans went up by 11.2 percent, kept at the same level over the first ten months, that from self-raising funds went up by 14.8 percent, 1.2 percentage points decreased, that from foreign investment decreased 7.6 percent, and the pace of decline increased 0.5 percentage points, other investment dropped 3.7 percent, and the pace of decline increased 0.3 percentage points.

 

 

 

Investment in Fixed Assets For January to November

 

Indicators

Jan-Nov

Absolute Value

Increase rate Y/Y

(%)

 

 

 

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

451068

15.8

  Of which: State-owned and State Holding

142311

13.7

Grouped by Jurisdiction of Project Management

 

 

 Central Investment

22054

7.3

 Local Investment

429013

16.2

Grouped by Constitution

 

 

  Construction and Installation

307482

17.8

  Purchase of Equipment and Instruments

88907

12.5

  Other Expenses

54679

10.1

Grouped by Types of Industry

 

 

 Primary Industry

10899

29.9

 Secondary Industry

188190

13.3

 Tertiary Industry

251979

17.1

Grouped by Industrial Sectors

 

 

 Agriculture, Forestry, Animal Husbandry and Fishery

13387

27.8

 Mining

12621

1.4

  Of which: Mining and Washing of Coal

4290

-8.5

      Extraction of Petroleum and Natural Gas

2805

10.8

      Ore Mining, Smelting and Pressing of Ferrous Metals

1594

2.9

      Ore Mining, Smelting and Pressing of Non-Ferrous Metal

1540

-1.9

      Ore Mining, Processing of Non-Metallic Minerals

1860

10.6

 Manufacturing

151461

13.5

Of which: Processing of Food from Agricultural Products

8971

16.9

Manufacture of Foods

4048

23.4

           Manufacture of Textile

4833

12.8

Manufacture of Chemical Raw Material and Chemical Products

13186

8.9

Manufacture of Medicines

4716

15.5

Manufacture of Rubber and Plastics Products

5375

13.4

         Manufacture of Non-metallic Mineral Products

14366

14.3

      Smelting and Pressing of Ferrous Metals

4427

-4.7

      Smelting and Pressing of Non-Ferrous Metal

5360

6.3

Manufacture of Fabricated Metal Products

7822

22.5

      Manufacture of General Purpose Machinery

11071

15.9

      Manufacture of Special Purpose Machinery

10423

14.1

      Manufacture of Automobile

9266

10.2

      Manufacture of Railways, Shipbuilding, Aerospace and Other Transportation Equipment

2818

16.3

      Manufacture of Electrical Machinery & Equipment

9388

13.3

      Manufacture of Telecommunications Equipment, Computers and Other Electronic Equipment

7127

9.4

 Production and Supply of Electricity ,Gas and Water

20554

17.4

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

15730

19.5

 Construction

4331

28.0

 Transport, Storage and Post

36968

18.5

  Of which: Railway Transportation

5921

24.7

      Road Transportation

21444

16.9

 Management of Water Conservancy, Environment and Public Facilities

40962

25.0

  Of which: Management on Water Resource

5241

26.9

      Management on Public Facilities

34148

24.8

 Education

5939

20.7

 Health, Social Works

3534

25.6

 Culture, Sports and Entertainment

5505

17.5

 Public Management, Social Security and Social Organizations

5910

12.7

Grouped by Registration Type

 

 

 Domestic Funded

428523

16.4

 Funds from Hong Kong, Macao and Taiwan

10805

9.2

 Foreign Investment

9982

0.0

Grouped by Construction and New Projects

 

 

 Total Investment in Construction Project

927460

11.1

 Total Planned Investment in New Projects

372757

13.5

Funds in Place for Investment (Exclude Rural Households)

481888

11.5

  Of which: Government Budgetary Funds

22718

14.0

      Domestic Loans

57678

11.2

      Foreign Investment

3628

-7.6

      Self-Raising Funds

338010

14.8

      Other Funds

59855

-3.7

 

 

 

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/hyflbz

 

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 November 2013 to November 2014 has been revised as follows:

 

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

(Excluding Rural Households)

 

 

Growth Rate (%)

 

 

2013-November

1.50

December

1.44

2014-January

1.46

February

1.02

March

1.22

April

1.14

May

1.29

June

1.41

July

0.77

August

1.00

September

0.76

October

1.66

November

1.02

 

 

 

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