Investment in Fixed Assets for the First Eight Months of 2015
National Bureau of Statistics of China2015-09-15 15:57




In the first eight months of 2015, the investment in fixed assets (excluding rural households) reached 33,897.7 billion yuan, up by 10.9 percent year-on-year in nominal terms, dropped 0.3 percentage points over that in the first seven months. In August, the investment in fixed assets (excluding rural households) increased 0.73 percent, month-on-month.

 

 

 

In term of different industries, from January to August, the investment in primary industry was 938.9 billion yuan, went up by 28.5 percent year-on-year, an increase of 0.3 percentage points over the first seven months; that of secondary industry was 13,972.6 billion yuan, went up by 8.5 percent, a decrease of 0.5 percentage points; that of tertiary industry was 18,986.2 billion yuan, went up by 11.9 percent, a decrease of 0.2 percentage points.

In secondary industry, the investment in industry reached 13,708.7 billion yuan, increased 8.7 percent year-on-year, a decrease of 0.3 percentage point over the first seven months. Of which, the investment in mining industry stood at 800.4 billion yuan, went down by 7.6 percent, and the pace of decline expanded 1.1 percentage points; that of manufacture, 11,331.3 billion yuan, increased 8.9 percent, 0.3 percentage points lower; that of production and supply of electric power, heat power, gas and water, 1,577.0 billion yuan, increased 17.1 percent, a decrease of 0.3 percentage points.

In tertiary industry, the investment in infrastructure (excluding electricity) was 5,916.4 billion yuan, increased 18.4 percent year-on-year, up by 2.7 percentage points over the first seven months. Of which, the investment in management of water conservancy increased 20.4 percent, up by 3.8 percentage points; that of management of public facilities increased 19.8 percent, up by 1.5 percentage points; that of transport via road increased 18.4 percent, down by 1.5 percentage points; that of transport via railway increased 9.9 percent, down by 1.0 percentage point.

In term of different areas, from January to August, the investment in eastern region amounted to 15,509.1 billion yuan, rose by 9.5 percent year-on-year, 0.2 percentage points lower over that in the first seven months; that of central region, 9,781.2 billion yuan, surged 14.4 percent, down by 0.3 percentage point; that of western region, 8,362.9 billion yuan, increased 9.3 percent, decreased 0.2 percentage points.

In term of types of registration, from January to August, the investment by domestic enterprises was 32,324.3 billion yuan, up by 11.4 percent year-on-year, dropped by 0.2 percentage points over the first seven months; investment by funds from Hong Kong, Macao and Taiwan was 761.8 billion yuan, up by 3.7 percent, decreased 3.2 percentage points; and the investment by foreign funds was 688.8 billion yuan, down by 0.7 percent, the pace of decline was up by 1.4 percentage points.

In terms of jurisdiction of project management, from January to August, the central investment reached 1,442.9 billion yuan, increased 2.7 percent year-on-year, 1.2 percentage points lower over the first seven months; the local investment was 32,454.9 billion yuan, up by 11.2 percent, a decrease of 0.3 percentage points .

Analysis on projects under construction or started this year showed that, from January to August, the total planned investment in projects under construction reached 84,997.4 billion yuan, up by 5.1 percent year-on-year, increased 0.9 percentage points over the first seven months. The total planned investment in newly started projects was 26,323.4 billion yuan, up by 2.7 percent year-on-year, the pace of decline was up by 0.3 percentage points.

In terms of paid-in funds, from January to August, 36,314.1 billion yuan had been invested, rose by 6.8 percent year-on-year, remained at the same level over the first seven months. Of this total, the growth of government budgetary funds went up by 21.1 percent, increased 0.9 percentage points, investment from domestic loans went down by 5.3 percent, while that in the first seven months was up by 1.1 percents, that from self-raising funds went up by 8.4 percent, down by 0.2 percentage points, that from foreign investment decreased 25.7 percent, up by 1.8 percentage points, other investment increased by 6.5 percent, and the pace of decline went up by 2.0 percentage points.

 

 


 

Investment in Fixed Assets For the First Eight Months of 2015

 

Indicators

Jan-Aug

Absolute Value

Increase rate Y/Y

(%)

 

 

 

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

338977

10.9

  Of which: State-owned and State Holding

106696

11.8

Grouped by Jurisdiction of Project Management

 

 

 Central Investment

14429

2.7

 Local Investment

324549

11.2

Grouped by Constitution

 

 

  Construction and Installation

235593

12.3

  Purchase of Equipment and Instruments

64584

9.4

  Other Expenses

38801

4.7

Grouped by Types of Industry

 

 

 Primary Industry

9389

28.5

 Secondary Industry

139726

8.5

 Tertiary Industry

189862

11.9

Grouped by Industrial Sectors

 

 

 Agriculture, Forestry, Animal Husbandry and Fishery

11519

28.3

 Mining

8004

-7.6

  Of which: Mining and Washing of Coal

2560

-14.4

      Extraction of Petroleum and Natural Gas

1923

-1.1

      Ore Mining, Smelting and Pressing of Ferrous Metals

922

-17.3

      Ore Mining, Smelting and Pressing of Non-Ferrous Metal

980

-2.3

      Ore Mining, Processing of Non-Metallic Minerals

1337

4.0

 Manufacturing

113313

8.9

Of which: Processing of Food from Agricultural Products

6578

7.1

Manufacture of Foods

3135

13.9

           Manufacture of Textile

3694

13.0

Manufacture of Chemical Raw Material and Chemical Products

9642

5.8

Manufacture of Medicines

3591

9.9

Manufacture of Rubber and Plastics Products

4096

9.7

         Manufacture of Non-metallic Mineral Products

10571

7.7

      Smelting and Pressing of Ferrous Metals

2677

-12.5

      Smelting and Pressing of Non-Ferrous Metal

3697

1.5

Manufacture of Fabricated Metal Products

5953

10.4

      Manufacture of General Purpose Machinery

8392

10.1

      Manufacture of Special Purpose Machinery

7769

8.6

      Manufacture of Automobile

7185

11.4

      Manufacture of Railways, Shipbuilding, Aerospace and Other Transportation Equipment

2049

6.2

      Manufacture of Electrical Machinery & Equipment

7173

10.5

      Manufacture of Telecommunications Equipment, Computers and Other Electronic Equipment

5680

17.6

 Production and Supply of Electricity ,Gas and Water

15770

17.1

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

11944

15.2

 Construction

3121

0.3

 Transport, Storage and Post

28798

18.6

  Of which: Railway Transportation

4061

9.9

      Road Transportation

17087

18.4

 Management of Water Conservancy, Environment and Public Facilities

32804

19.8

  Of which: Management on Water Resource

4391

20.4

      Management on Public Facilities

27147

19.8

 Education

4648

16.6

 Health, Social Works

3000

29.5

 Culture, Sports and Entertainment

4169

11.3

 Public Management, Social Security and Social Organizations

4370

12.0

Grouped by Registration Type

 

 

 Domestic Funded

323243

11.4

 Funds from Hong Kong, Macao and Taiwan

7618

3.7

 Foreign Investment

6888

-0.7

Grouped by Construction and New Projects

 

 

 Total Investment in Construction Project

849974

5.1

 Total Planned Investment in New Projects

263234

2.7

Funds in Place for Investment (Exclude Rural Households)

363141

6.8

  Of which: Government Budgetary Funds

18627

21.1

      Domestic Loans

39815

-5.3

      Foreign Investment

1937

-25.7

      Self-Raising Funds

257723

8.4

      Other Funds

45038

6.5

 

 

 

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.

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 seven 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 August 2014 to August 2015 has been revised as follows:

 

The Month-on-Month Growth Rate of Industrial Production Operation

 

Months

Growth Rate (%)

 

 

     2014-August

0.92

     September

1.01

     October

0.97

     November

0.95

     December

0.96

     2015-January

0.88

     February

0.80

     March

0.90

     April

0.75

                  May

0.84

                  June

0.81

                  July

0.75

                  August

0.73

 

 

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