Investment in Fixed Assets for the First Six Months of 2016
National Bureau of Statistics of China2016-07-15 16:41




In the first six months of 2016, the investment in fixed assets (excluding rural households) reached 25,836.0 billion yuan, up by 9.0 percent year-on-year in nominal terms (the real growth rate was 11.0 percent, after deducting price factors), and the growth rate was 0.6 percentage points lower than that in the first five months. In June, the investment in fixed assets (excluding rural households) increased 0.45 percent, month-on-month.

 

 

 

In term of different industries, the investment in primary industry was 746.0 billion yuan, went up by 21.1 percent year-on-year, an increase of 0.5 percentage points over the first five months; that of secondary industry was 10,170.2 billion yuan, went up by 4.4 percent, a decrease of 1.4 percentage points; that of tertiary industry was 14,919.8 billion yuan, went up by 11.7 percent, a decrease of 0.2 percentage points.

 

In secondary industry, the investment in industry reached 9,959.4 billion yuan, increased 4.2 percent year-on-year, and the growth rate decreased 1.2 percentage points over the first five months. Of which, the investment in mining industry stood at 422.5 billion yuan, went down by 19.7 percent, and the pace of decline widened by 3.3 percentage points; that of manufacture, 8,226.1 billion yuan, increased 3.3 percent, and the growth rate dropped by 1.3 percentage points; that of production and supply of electric power, heat power, gas and water, 1,310.8 billion yuan, increased 22.5 percent, an increase of 0.9 percentage points.

 

In tertiary industry, the investment in infrastructure (excluding electric power, heat power, gas and water) was 4,908.5 billion yuan, increased 20.9 percent year-on-year, an increase of 0.9 percentage points over the first five months. Of which, the investment in management of water conservancy increased 27.1 percent, up by 3.6 percentage points; that of management of public facilities increased 26.6 percent, down by 2.8 percentage points; that of transport via road increased 13.5 percent, up by 3.0 percentage points; that of transport via railway increased 9.0 percent, down by 3.2 percentage points.

 

In term of different areas, the investment in eastern region amounted to 11,113.5 billion yuan, rose by 11.0 percent year-on-year, and the growth rate increased 0.1 percentage point over the first five months; that of central region, 6,777.5 billion yuan, increased 12.8 percent, a decrease of 0.2 percentage points; that of western region, 6,533.9 billion yuan, increased 13.5 percent, an increase of 0.9 percentage points; that of northeastern region, 1,219.5 billion yuan, decreased 32.0 percent, and the pace of decline widened by 2.0 percentage points.

 

In term of types of registration, the investment by domestic enterprises was 24,510.6 billion yuan, went up by 8.7 percent year-on-year, and the growth rate decreased 0.6 percentage points over the first five months; investment by funds from Hong Kong, Macao and Taiwan was 673.0 billion yuan, went up by 19.6 percent, a decrease of 1.5 percentage points; and the investment by foreign funds was 569.7 billion yuan, up by 11.1 percent, a decrease of 1.6 percentage points.

 

In terms of jurisdiction of project management, the central investment reached 1,082.1 billion yuan, increased 12.1 percent year-on-year, and the growth rate increased 1.7 percentage points over the first five months; the local investment was 24,753.9 billion yuan, up by 8.8 percent, a decrease of 0.8 percentage points.

 

Analysis on projects under construction or started this year showed that, the total planned investment in projects under construction reached 82,397.2 billion yuan, up by 7.5 percent year-on-year, and the growth rate increased 0.1 percentage point over the first five months. The total planned investment in newly started projects was 24,020.2 billion yuan, up by 25.1 percent year-on-year, a decrease of 7.1 percentage points.

 

In terms of paid-in funds, 28,244.3 billion yuan had been invested, rose by 8.0 percent year-on-year, and the growth rate increased 0.1 percentage point over the first five months. Of this total, the growth of government budgetary funds went up by 21.8 percent, an increase of 0.4 percentage points, investment from domestic loans went up by 12.4 percent, a decrease of 1.3 percentage points, that from self-raising funds went up by 1.4 percent, an increase of 0.4 percentage points, that from foreign investment decreased 7.2 percent, and the pace of decline narrowed by 11.3 percentage points, other investment went up by 37.6 percent, a decrease of 0.2 percentage points.

 

 

 

Investment in Fixed Assets for the First Six Months of 2016

 

Indicators

Jan-Jun

Absolute Value

Increase rate Y/Y

(%)

 

 

 

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

258360

9.0

  Of which: State-owned and State Holding

91089

23.5

    Of which: Private Investment

158797 

2.8 

Grouped by Jurisdiction of Project Management

 

 

 Central Investment

10821

12.1

 Local Investment

247539

8.8

Grouped by Constitution

 

 

  Construction and Installation

181977

10.2

  Purchase of Equipment and Instruments

45252

2.0

  Other Expenses

31131

12.7

Grouped by Types of Industry

 

 

 Primary Industry

7460

21.1

 Secondary Industry

101702

4.4

 Tertiary Industry

149198

11.7

Grouped by Industrial Sectors

 

 

 Agriculture, Forestry, Animal Husbandry and Fishery

9047

19.5

 Mining

4225

-19.7

  Of which: Mining and Washing of Coal

1110

-34.1

      Extraction of Petroleum and Natural Gas

958

-18.0

      Ore Mining, Smelting and Pressing of Ferrous Metals

451

-31.2

      Ore Mining, Smelting and Pressing of Non-Ferrous Metal

669

6.3

      Ore Mining, Processing of Non-Metallic Minerals

889

-4.0

 Manufacturing

82261

3.3

Of which: Processing of Food from Agricultural Products

4823

8.8

Manufacture of Foods

2501

15.9

           Manufacture of Textile

2914

12.9

Manufacture of Chemical Raw Material and Chemical Products

6495

-4.5

Manufacture of Medicines

2771

11.7

Manufacture of Rubber and Plastics Products

3028

7.0

         Manufacture of Non-metallic Mineral Products

7351

-2.0

      Smelting and Pressing of Ferrous Metals

1946

1.9

      Smelting and Pressing of Non-Ferrous Metal

2508

-5.7

Manufacture of Fabricated Metal Products

4382

6.6

      Manufacture of General Purpose Machinery

5864

0.7

      Manufacture of Special Purpose Machinery

5340

-1.5

      Manufacture of Automobile

5419

6.9

      Manufacture of Railways, Shipbuilding, Aerospace and Other Transportation Equipment

1282

-11.0

      Manufacture of Electrical Machinery & Equipment

5727

12.3

      Manufacture of Telecommunications Equipment, Computers and Other Electronic Equipment

4482

7.7

 Production and Supply of Electricity ,Gas and Water

13108

22.5

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

10206

25.4

 Construction

2343

1.1

 Transport, Storage and Post

22376

12.0

  Of which: Railway Transportation

3040

9.0

      Road Transportation

13683

13.5

 Management of Water Conservancy, Environment and Public Facilities

28290

26.7

  Of which: Management on Water Resource

3784

27.1

      Management on Public Facilities

23397

26.6

 Education

4065

23.8

 Health, Social Works

2592

24.2

 Culture, Sports and Entertainment

3293

13.3

 Public Management, Social Security and Social Organizations

3386

13.0

Grouped by Registration Type

 

 

 Domestic Funded

245106

8.7

 Funds from Hong Kong, Macao and Taiwan

6730

19.6

 Foreign Investment

5697

11.1

Grouped by Construction and New Projects

 

 

 Total Investment in Construction Project

823972

7.5

 Total Planned Investment in New Projects

240202

25.1

Funds in Place for Investment (Exclude Rural Households)

282443

8.0

  Of which: Government Budgetary Funds

15891

21.8

      Domestic Loans

33187

12.4

      Foreign Investment

1228

-7.2

      Self-Raising Funds

188165

1.4

      Other Funds

43974

37.6

 

 

 

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 June 2015 to June 2016 has been revised as follows:

 

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

(Excluding Rural Households)

 

 

Growth Rate (%)

 

 

2015-June

0.99

July

0.97

August

0.95

September

0.91

October

0.92

November

0.81

December

0.71

2016-January

0.65

February

0.60

March

0.62

April

0.50

May

0.52

June

0.45

 

 

 

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