Investment in Fixed Assets for the First Three Months of 2016
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
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| Indicators | Jan-Mar | |
| Absolute Value | Increase rate Y/Y (%) | |
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| Investment in Fixed Assets (Exclude Rural Households) (100 million yuan) | 85843 | 10.7 |
| Of which: State-owned and State Holding | 29120 | 23.3 |
|
|
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| Central Investment | 3464 | 2.8 |
| Local Investment | 82379 | 11.1 |
| Grouped by Constitution |
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|
| 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 |
|
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| 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 |
|
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| 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 |
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| 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)
| |
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| Growth Rate (%) |
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| 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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