Private Investment in Fixed Assets for the First Ten Months of 2016

National Bureau of Statistics of China 2016-11-15 09:34 Print| Large| Medium| Small

In the first ten months of 2016, the private investment in fixed assets reached 29,772.5 billion yuan, a year-on-year increase of 2.9 percent in nominal terms, and the growth rate was 0.4 percentage points higher than that in the first nine months. The proportion of private investment in fixed assets to the total investment in fixed assets (excluding rural households) was 61.5 percent, an increase of 0.1 percentage point over the first nine months, and was 3.2 percentage points lower than that in the same period last year.

In term of different areas, the private investment in fixed assets in eastern region amounted to 13,372.1 billion yuan, rose by 7.1 percent year-on-year, and the growth rate remained at the same level over the first nine months; that of central region, 8,606.8 billion yuan, increased 6.2 percent, and the growth rate increased 0.4 percentage points over the first nine months; that of western region, 5,874.9 billion yuan, increased 2.5 percent, and the growth rate remained at the same level; that of northeastern region, 1,918.8 billion yuan, decreased 26.8 percent, and the pace of decline narrowed by 3.3 percentage points.

In term of different industries, the private investment in fixed assets in primary industry reached 1,218.5 billion yuan, a year-on-year increase of 19.0 percent, and the growth rate increased 0.5 percentage points over the first nine months; that in the secondary industry amounted to 14,904.1 billion yuan, increased 2.4 percent, a decrease of 0.1 percentage point; that in the tertiary industry was 13,650.0 billion yuan, went up by 2.1 percent, increased 0.9 percentage points.

Of the secondary industry, industrial private investment in fixed assets reached 14,772.1 billion yuan, a year-on-year increase of 2.6 percent, and the growth rate remained at the same level over the first nine months, of which, that of the manufacturing industry was 13,355.8 billion yuan, increased 2.6 percent, and the growth rate increased 0.1 percentage point over the first nine months; that of the production and supply of electric power, heat power, gas and water was 900.6 billion yuan, increased 15.4 percent, down by 2.8 percentage points; that of mining industry was 515.7 billion yuan, decreased 13.2 percent, and the pace of decline narrowed by 1.4 percentage points.

Private Investment in Fixed Assets for the First Ten Months of 2016
Indicators	Jan-Oct
	Absolute Value	Increase rate Y/Y
	(100 Million Yuan)	(%)

Private Investment in Fixed Assets	297725	2.9
Grouped by Different Areas
Eastern Region	133721	7.1
Central Region	86068	6.2
Western Region	58749	2.5
Northeastern Region	19188	-26.8
Grouped by Types of Industry
Primary Industry	12185	19.0
Secondary Industry	149041	2.4
Tertiary Industry	136500	2.1
Grouped by Industrial Sectors
Agriculture, Forestry, Animal Husbandry and Fishery	13630	16.7
Mining	5157	-13.2
Of which: Mining and Washing of Coal	1533	-17.8
Extraction of Petroleum and Natural Gas	214	-5.8
Ore Mining, Smelting and Pressing of Ferrous Metals	664	-35.4
Ore Mining, Smelting and Pressing of Non-Ferrous Metal	884	-6.0
Ore Mining, Processing of Non-Metallic Minerals	1634	-1.7
Manufacturing	133558	2.6
Of which: Manufacture of Non-metallic Mineral Products	12888	-3.0
Smelting and Pressing of Ferrous Metals	2879	3.0
Smelting and Pressing of Non-Ferrous Metal	3788	-7.3
Manufacture of General Purpose Machinery	9952	-3.2
Manufacture of Special Purpose Machinery	8764	-5.4
Manufacture of automobile	7732	8.8
Manufacture of railways, shipbuilding, aerospace and other transportation equipment	1750	-5.7
Manufacture of Electrical Machinery & Equipment	9074	8.2
Manufacture of Telecommunications Equipment, Computers and Other Electronic Equipment	5212	6.0
Production and Supply of Electricity ,Gas and Water	9006	15.4
Of which: Production and Supply of Electric Power and Heat Power	6958	24.2
Construction	1687	-12.5
Transport, Storage and Post	10018	-0.2
Of which: Railway Transportation	377	56.6
Road Transportation	3550	1.8
Management of Water Conservancy, Environment and Public Facilities	12287	6.4
Of which: Management on Water Resource	976	17.1
Management on Public Facilities	10582	5.5
Education	1986	17.2
Health, Social Works	1936	18.0
Culture, Sports and Entertainment	3256	2.1
Public Management, Social Security and Social Organizations	1405	-21.0

Notes: 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

Private investment in fixed assets refers to the investment in construction and purchase of fixed assets within the territory of the People's Republic of China, by collective, private, and personal domestic enterprises and institutional units as well as the enterprises controlled (including absolutely controlled and relatively controlled) by these units.

2. Statistical Coverage

The statistical coverage of private investment in fixed assets is determined according to the types of industrial and commercial registration of the fixed assets investment projects units, which includes:

(1) The investment in fixed assets of collective enterprises, joint-stock cooperative enterprises, private enterprises, private partnerships, private limited liability companies, self-employed businessmen, individual partnerships and other pure non-governmental entities with industrial and commercial registration;

(2) All the investment in fixed assets of the main investment units, which are controlled by collective enterprises, private enterprises and individuals in the mixed economic components with industrial and commercial registration.

3. Data Collection

Private investment in fixed assets is a part of investment in fixed assets, and the reports of private investment on fixed assets are collected monthly with complete enumeration (no report in January), which is the same as the report of investment on fixed assets.

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

The NBS performed the new standard on industrial classification for national economic activities (GB/T4754-2011), please refer to http://www.stats.gov.cn/tjsj/tjbz/hyflbz

6. Explanatory Notes on Growth Rate

The growth rate of private investment in fixed assets is nominal growth rate, because the price indices of investment in fixed assets are calculated on quarterly basis, except Jan.-Mar., Jan.-Jun., Jan-Sep. and Jan.-Dec., the growth rates in the other months are nominal growth rates.