Investment in Fixed Assets for the First Two Months of 2017
National Bureau of Statistics of China2017-03-15 15:40




In the first two months of 2017, the investment in fixed assets (excluding rural households) reached 4,137.8 billion yuan, up by 8.9 percent year-on-year, and the growth rate was 0.8 percentage points higher than that of 2016. In February, the investment in fixed assets (excluding rural households) increased 0.77 percent, month-on-month.

 

 

 

In term of different industries, the investment in primary industry was 88.6 billion yuan, went up by 19.1 percent year-on-year, a decrease of 2.0 percentage points over last year; that of secondary industry was 1,449.6 billion yuan, went up by 2.9 percent, a decrease of 0.6 percentage points; that of tertiary industry was 2,599.6 billion yuan, went up by 12.2 percent, an increase of 1.3 percentage points.

 

In secondary industry, the investment in industry reached 1,430.2 billion yuan, increased 3.8 percent year-on-year, and the growth rate increased 0.2 percentage points over last year. Of which, the investment in mining industry stood at 40.7 billion yuan, went up by 4.1 percent, while that of 2016 was down by 20.4 percent; that of manufacture, 1,216.0 billion yuan, increased 4.3 percent, and the growth rate increased 0.1 percentage point; that of production and supply of electric power, heat power, gas and water, 173.6 billion yuan, increased 0.9 percent, a decrease of 10.4 percentage points.

 

In tertiary industry, the investment in infrastructure (excluding electric power, heat power, gas and water) was 831.5 billion yuan, increased 27.3 percent year-on-year, and the growth rate increased 9.9 percentage points over last year. Of which, the investment in management of water conservancy increased 19.1 percent, down by 1.3 percentage points; that of management of public facilities increased 35.8 percent, up by 12.9 percentage points; that of transport via road increased 21.6 percent, up by 6.5 percentage points; that of transport via railway increased 12.1 percent, while that of 2016 was down by 0.2 percent.

 

In term of different areas, the investment in eastern region amounted to 2,122.2 billion yuan, rose by 9.0 percent year-on-year, and the growth rate dropped by 0.1 percentage point over last year; that of central region, 1,004.7 billion yuan, increased 12.0 percent, remained at the same level; that of western region, 940.5 billion yuan, increased 7.9 percent, a decrease of 4.3 percentage points; that of northeastern region, 43.5 billion yuan, decreased 17.8 percent, and the pace of decline narrowed by 5.7 percentage points.

 

In term of types of registration, the investment by domestic enterprises was 3,894.3 billion yuan, went up by 9.7 percent year-on-year, and the growth rate increased 1.9 percentage points over last year; investment by funds from Hong Kong, Macao and Taiwan was 129.2 billion yuan, went down by 3.6 percent, while that of 2016 was up by 18.5 percent; and the investment by foreign funds was 104.5 billion yuan, down by 2.1 percent, while that of 2016 was up by 12.4 percent.

 

In terms of jurisdiction of project management, the central investment reached 140.3 billion yuan, decreased 7.0 percent year-on-year, while that of 2016 was up by 4.9 percent; the local investment was 3,997.5 billion yuan, up by 9.5 percent, an increase of 1.2 percentage points over last year.

 

Analysis on projects under construction or started this year showed that, the total planned investment in projects under construction reached 58,753.7 billion yuan, up by 22.0 percent year-on-year, and the growth rate increased 12.0 percentage points over last year. The total planned investment in newly started projects was 2,013.0 billion yuan, down by 8.3 percent year-on-year, while that of 2016 was up by 20.9 percent.

 

In terms of paid-in funds, 5,457.5 billion yuan had been invested, decreased 8.0 percent year-on-year, while that of 2016 was up by 5.8 percent. Of this total, the growth of government budgetary funds went down by 11.3 percent, while that of 2016 was up by 17.1 percent, investment from domestic loans went down by 1.4 percent, while that of 2016 was up by 9.9 percent, that from self-raising funds went down by 19.0 percent, and the pace of decline extended by 18.9 percentage points over last year, that from foreign investment decreased 9.7 percent, and the pace of decline narrowed by 10.8 percentage points, other investment went up by 25.4 percent, a decrease of 5.2 percentage points.

 

 

 

Investment in Fixed Assets for the First Two Months of 2017

 

Indicators

Jan-Feb

Absolute Value

Increase rate Y/Y

(%)

 

 

 

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

41378

8.9

  Of which: State-owned and State Holding

14662

14.4

    Of which: Private Investment

24977 

6.7 

Grouped by Jurisdiction of Project Management

 

 

 Central Investment

1403

-7.0

 Local Investment

39975

9.5

Grouped by Constitution

 

 

  Construction and Installation

29918

9.9

  Purchase of Equipment and Instruments

6611

10.5

  Other Expenses

4848

0.8

Grouped by Types of Industry

 

 

 Primary Industry

886

19.1

 Secondary Industry

14496

2.9

 Tertiary Industry

25996

12.2

Grouped by Industrial Sectors

 

 

 Agriculture, Forestry, Animal Husbandry and Fishery

1036

15.0

 Mining

407

4.1

  Of which: Mining and Washing of Coal

81

-21.0

      Extraction of Petroleum and Natural Gas

120

95.3

      Ore Mining, Smelting and Pressing of Ferrous Metals

42

-0.2

      Ore Mining, Smelting and Pressing of Non-Ferrous Metal

55

-15.4

      Ore Mining, Processing of Non-Metallic Minerals

100

-4.9

 Manufacturing

12160

4.3

Of which: Processing of Food from Agricultural Products

574

2.3

Manufacture of Foods

313

-3.0

           Manufacture of Textile

426

2.5

Manufacture of Chemical Raw Material and Chemical Products

873

-2.2

Manufacture of Medicines

421

10.2

Manufacture of Rubber and Plastics Products

418

0.1

         Manufacture of Non-metallic Mineral Products

949

-2.7

      Smelting and Pressing of Ferrous Metals

220

-20.1

      Smelting and Pressing of Non-Ferrous Metal

284

-6.1

Manufacture of Fabricated Metal Products

629

6.1

      Manufacture of General Purpose Machinery

908

3.7

      Manufacture of Special Purpose Machinery

873

5.5

      Manufacture of Automobile

918

14.3

      Manufacture of Railways, Shipbuilding, Aerospace and Other Transportation Equipment

204

2.0

      Manufacture of Electrical Machinery & Equipment

961

9.7

      Manufacture of Telecommunications Equipment, Computers and Other Electronic Equipment

968

15.7

 Production and Supply of Electricity ,Gas and Water

1736

0.9

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

1286

-4.9

 Construction

215

-37.3

 Transport, Storage and Post

3892

18.8

  Of which: Railway Transportation

447

12.1

      Road Transportation

2560

21.6

 Management of Water Conservancy, Environment and Public Facilities

4668

33.6

  Of which: Management on Water Resource

569

19.1

      Management on Public Facilities

3927

35.8

 Education

628

16.0

 Health, Social Works

419

18.9

 Culture, Sports and Entertainment

465

15.1

 Public Management, Social Security and Social Organizations

419

-11.5

Grouped by Registration Type

 

 

 Domestic Funded

38943

9.7

 Funds from Hong Kong, Macao and Taiwan

1292

-3.6

 Foreign Investment

1045

-2.1

Grouped by Construction and New Projects

 

 

 Total Investment in Construction Project

587537

22.0

 Total Planned Investment in New Projects

20130

-8.3

Funds in Place for Investment (Exclude Rural Households)

54575

-8.0

  Of which: Government Budgetary Funds

2185

-11.3

      Domestic Loans

9118

-1.4

      Foreign Investment

242

-9.7

      Self-Raising Funds

29764

-19.0

      Other Funds

13266

25.4

 

 

 

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 February 2016 to February 2017 has been revised as follows:

 

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

(Excluding Rural Households)

 

 

Growth Rate (%)

 

 

2016-February

0.63

March

0.82

April

0.64

May

0.68

June

0.72

July

0.62

August

0.67

September

0.68

October

0.70

November

0.64

December

0.71

2017-January

0.74

February

0.77

 

 

 

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