Investment in Fixed Assets for the First Three Months of 2016
National Bureau of Statistics of China2016-04-18 16:34




In the first three months of 2016, the investment in fixed assets (excluding rural households) reached 8,584.3 billion yuan, up by 10.7 percent year-on-year in nominal terms (the real growth rate was 13.8 percent, after deducting price factors), and the growth rate was 0.5 percentage points higher than that in the first two months. In March, the investment in fixed assets (excluding rural households) increased 0.86 percent, month-on-month.

 

 

 

In term of different industries, the investment in primary industry was 194.9 billion yuan, went up by 25.5 percent year-on-year, a decrease of 8.8 percentage points over the first two months; that of secondary industry was 3,366.4 billion yuan, went up by 7.3 percent, a decrease of 0.6 percentage points; that of tertiary industry was 5,023.0 billion yuan, went up by 12.6 percent, an increase of 1.5 percentage points.

 

In secondary industry, the investment in industry reached 3,297.1 billion yuan, increased 6.7 percent year-on-year, and the growth rate decreased 0.4 percentage points over the first two months. Of which, the investment in mining industry stood at 117.8 billion yuan, went down by 18.1 percent, and the pace of decline narrowed by 11.4 percentage point; that of manufacture, 2,771.6 billion yuan, increased 6.4 percent, and the growth rate dropped by 1.1 percentage points; that of production and supply of electric power, heat power, gas and water, 407.6 billion yuan, increased 19.4 percent, an increase of 0.9 percentage points.

 

In tertiary industry, the investment in infrastructure (excluding electricity) was 1,538.4 billion yuan, increased 19.6 percent year-on-year, an increase of 4.6 percentage points over the first two months. Of which, the investment in management of water conservancy increased 26.8 percent, up by 2.1 percentage points; that of management of public facilities increased 31.0 percent, up by 4.5 percentage points; that of transport via road increased 10.1 percent, up by 3.3 percentage points; that of transport via railway increased 2.1 percent, while that in the first two months was down by 13.0 percent.

 

In term of different areas, the investment in eastern region amounted to 4,176.2 billion yuan, rose by 11.0 percent year-on-year, and the growth rate increased 1.3 percentage points over the first two months; that of central region, 2,172.6 billion yuan, increased 13.3 percent, an increase of 0.8 percentage points; that of western region, 1,985.3 billion yuan, increased 13.2 percent, an increase of 0.5 percentage points; that of northeastern region, 203.5 billion yuan, decreased 19.3 percent, and the pace of decline widened by 0.7 percentage points

 

In term of types of registration, the investment by domestic enterprises was 8,065.1 billion yuan, went up by 10.4 percent year-on-year, and the growth rate increased 0.2 percentage points over the first two months; investment by funds from Hong Kong, Macao and Taiwan was 267.6 billion yuan, went up by 24.0 percent, an increase of 9.3 percentage points; and the investment by foreign funds was 225.6 billion yuan, up by 11.3 percent, an increase of 5.3 percentage points

 

In terms of jurisdiction of project management, the central investment reached 346.4 billion yuan, increased 2.8 percent year-on-year, while that in the first two months was down by 4.4 percent; the local investment was 8,237.9 billion yuan, up by 11.1 percent, an increase of 0.2 percentage points.

 

Analysis on projects under construction or started this year showed that, the total planned investment in projects under construction reached 59,550.1 billion yuan, up by 6.7 percent year-on-year, a decrease of 7.2 percentage points over the first two months. The total planned investment in newly started projects was 8,140.3 billion yuan, up by 39.5 percent year-on-year, a decrease of 1.6 percentage points.

 

In terms of paid-in funds, 10,925.0 billion yuan had been invested, rose by 6.4 percent year-on-year, an increase of 5.5 percentage points over the first two months. Of this total, the growth of government budgetary funds went up by 16.9 percent, an increase of 6.0 percentage points, investment from domestic loans went up by 13.9 percent, an increase of 12.1 percentage points, that from self-raising funds went down by 0.2 percent, and the pace of decline narrowed by 2.9 percentage points, that from foreign investment decreased 25.6 percent, and the pace of decline narrowed by 8.6 percentage points, other investment went up by 31.4 percent, an increase of 15.9 percentage points.

 

 

 

Investment in Fixed Assets for the First Three Months of 2016

 

Indicators

Jan-Mar

Absolute Value

Increase rate Y/Y

(%)

 

 

 

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

85843

10.7

  Of which: State-owned and State Holding

29120

23.3

Grouped by Jurisdiction of Project Management

 

 

 Central Investment

3464

2.8

 Local Investment

82379

11.1

Grouped by Constitution

 

 

  Construction and Installation

60613

11.7

  Purchase of Equipment and Instruments

14472

3.5

  Other Expenses

10758

16.3

Grouped by Types of Industry

 

 

 Primary Industry

1949

25.5

 Secondary Industry

33664

7.3

 Tertiary Industry

50230

12.6

Grouped by Industrial Sectors

 

 

 Agriculture, Forestry, Animal Husbandry and Fishery

2362

24.7

 Mining

1178

-18.1

  Of which: Mining and Washing of Coal

302

-24.5

      Extraction of Petroleum and Natural Gas

241

-40.3

      Ore Mining, Smelting and Pressing of Ferrous Metals

131

-18.1

      Ore Mining, Smelting and Pressing of Non-Ferrous Metal

178

8.9

      Ore Mining, Processing of Non-Metallic Minerals

286

6.1

 Manufacturing

27716

6.4

Of which: Processing of Food from Agricultural Products

1386

11.9

Manufacture of Foods

787

16.2

           Manufacture of Textile

990

11.4

Manufacture of Chemical Raw Material and Chemical Products

2160

-2.3

Manufacture of Medicines

895

12.1

Manufacture of Rubber and Plastics Products

1029

14.1

         Manufacture of Non-metallic Mineral Products

2377

0.8

      Smelting and Pressing of Ferrous Metals

650

-3.1

      Smelting and Pressing of Non-Ferrous Metal

762

-2.6

Manufacture of Fabricated Metal Products

1436

3.1

      Manufacture of General Purpose Machinery

2067

7.4

      Manufacture of Special Purpose Machinery

1877

5.4

      Manufacture of Automobile

2027

22.3

      Manufacture of Railways, Shipbuilding, Aerospace and Other Transportation Equipment

446

-12.1

      Manufacture of Electrical Machinery & Equipment

2026

14.7

      Manufacture of Telecommunications Equipment, Computers and Other Electronic Equipment

1748

13.4

 Production and Supply of Electricity ,Gas and Water

4076

19.4

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

3184

20.9

 Construction

768

6.0

 Transport, Storage and Post

7211

7.9

  Of which: Railway Transportation

826

2.1

      Road Transportation

4452

10.1

 Management of Water Conservancy, Environment and Public Facilities

8731

30.5

  Of which: Management on Water Resource

1173

26.8

      Management on Public Facilities

7247

31.0

 Education

1269

25.9

 Health, Social Works

827

24.5

 Culture, Sports and Entertainment

1049

11.1

 Public Management, Social Security and Social Organizations

1022

21.3

Grouped by Registration Type

 

 

 Domestic Funded

80651

10.4

 Funds from Hong Kong, Macao and Taiwan

2676

24.0

 Foreign Investment

2256

11.3

Grouped by Construction and New Projects

 

 

 Total Investment in Construction Project

595501

6.7

 Total Planned Investment in New Projects

81403

39.5

Funds in Place for Investment (Exclude Rural Households)

109250

6.4

  Of which: Government Budgetary Funds

5240

16.9

      Domestic Loans

15281

13.9

      Foreign Investment

496

-25.6

      Self-Raising Funds

70278

-0.2

      Other Funds

17955

31.4

 

 

 

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 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. Northeastern region:  including Liaoning, Jilin and Heilongjiang.

 

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 March 2015 to March 2016 has been revised as follows:

 

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

(Excluding Rural Households)

 

 

Growth Rate (%)

 

 

2015-March

0.92

April

0.88

May

0.96

June

0.97

July

0.81

August

0.83

September

0.89

October

0.98

November

0.88

December

0.71

2016-January

0.76

February

0.69

March

0.86

 

 

 

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