Investment in Fixed Assets for the First Three Months of 2017
National Bureau of Statistics of China2017-04-18 16:10




In the first three months of 2017, the investment in fixed assets (excluding rural households) reached 9,377.7 billion yuan, up by 9.2 percent year-on-year, and the growth rate was 0.3 percentage points higher than that of the first two months. In March, the investment in fixed assets (excluding rural households) increased 0.87 percent, month-on-month.

 

 

In term of different industries, the investment in primary industry was 233.5 billion yuan, went up by 19.8 percent year-on-year, and the growth rate increased 0.7 percentage points over the first two months; that of secondary industry was 3,509.4 billion yuan, went up by 4.2 percent, an increase of 1.3 percentage points; that of tertiary industry was 5,634.9 billion yuan, went up by 12.2 percent, remained at the same level over the first two months.

 

In secondary industry, the investment in industry reached 3,460.1 billion yuan, increased 4.9 percent year-on-year, and the growth rate increased 1.1 percentage points over the first two months. Of which, the investment in mining industry stood at 109.5 billion yuan, went down by 7.1 percent, while that of the first two months was up by 4.1 percent; that of manufacture, 2,932.5 billion yuan, increased 5.8 percent, and the growth rate increased 1.5 percentage points; that of production and supply of electric power, heat power, gas and water, 418.1 billion yuan, increased 2.6 percent, an increase of 1.7 percentage points.

 

In tertiary industry, the investment in infrastructure (excluding electric power, heat power, gas and water) was 1,899.7 billion yuan, increased 23.5 percent year-on-year, and the growth rate decreased 3.8 percentage points over the first two months. Of which, the investment in management of water conservancy increased 18.3 percent, down by 0.8 percentage points; that of management of public facilities increased 27.4 percent, down by 8.4 percentage points; that of transport via road increased 24.7 percent, up by 3.1 percentage points; that of transport via railway increased 10.8 percent, down by 1.3 percentage points.

 

In term of different areas, the investment in eastern region amounted to 4,579.2 billion yuan, rose by 9.7 percent year-on-year, and the growth rate increased 0.7 percentage points over the first two months; that of central region, 2,394.1 billion yuan, increased 11.6 percent, a decrease of 0.4 percentage points; that of western region, 2,172.6 billion yuan, increased 9.4 percent, an increase of 1.5 percentage points; that of northeastern region, 172.1 billion yuan, decreased 15.5 percent, and the pace of decline narrowed by 2.3 percentage points.

 

In term of types of registration, the investment by domestic enterprises was 8,870.2 billion yuan, went up by 10.0 percent year-on-year, and the growth rate increased 0.3 percentage points over the first two months; investment by funds from Hong Kong, Macao and Taiwan was 260.5 billion yuan, went down by 2.7 percent, and the pace of decline narrowed by 0.9 percentage points; and the investment by foreign funds was 226.3 billion yuan, up by 0.3 percent, while that of the first two months was down by 2.1 percent.

 

In terms of jurisdiction of project management, the central investment reached 321.9 billion yuan, decreased 7.1 percent year-on-year, and the pace of decline extended by 0.1 percentage point; the local investment was 9,055.8 billion yuan, up by 9.9 percent, an increase of 0.4 percentage points over the first two months.

 

Analysis on projects under construction or started this year showed that, the total planned investment in projects under construction reached 72,475.8 billion yuan, up by 21.7 percent year-on-year, and the growth rate decreased 0.3 percentage points over the first two months. The total planned investment in newly started projects was 6,201.5 billion yuan, down by 6.5 percent year-on-year, and the pace of decline narrowed by 1.8 percentage points.

 

In terms of paid-in funds, 10,608.1 billion yuan had been invested, decreased 2.9 percent year-on-year, and the pace of decline narrowed by 5.1 percentage points over the first two months. Of this total, the growth of government budgetary funds went down by 7.1 percent, and the pace of decline narrowed by 4.2 percentage points, investment from domestic loans went down by 2.0 percent, and the pace of decline extended by 0.6 percentage points, that from self-raising funds went down by 9.8 percent, and the pace of decline narrowed by 9.2 percentage points, that from foreign investment decreased 5.3 percent, and the pace of decline narrowed by 4.4 percentage points, other investment went up by 24.5 percent, a decrease of 0.9 percentage points.

 

 

 

Investment in Fixed Assets for the First Three Months of 2017

 

Indicators

Jan-Mar

Absolute Value

Increase rate Y/Y

(%)

 

 

 

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

93777

9.2

  Of which: State-owned and State Holding

33087

13.6

    Of which: Private Investment

57313

7.7

Grouped by Jurisdiction of Project Management

 

 

 Central Investment

3219

-7.1

 Local Investment

90558

9.9

Grouped by Constitution

 

 

  Construction and Installation

66709

10.1

  Purchase of Equipment and Instruments

15903

9.9

  Other Expenses

11165

3.8

Grouped by Types of Industry

 

 

 Primary Industry

2335

19.8

 Secondary Industry

35094

4.2

 Tertiary Industry

56349

12.2

Grouped by Industrial Sectors

 

 

 Agriculture, Forestry, Animal Husbandry and Fishery

2763

17.0

 Mining

1095

-7.1

  Of which: Mining and Washing of Coal

254

-15.8

      Extraction of Petroleum and Natural Gas

304

26.5

      Ore Mining, Smelting and Pressing of Ferrous Metals

101

-23.1

      Ore Mining, Smelting and Pressing of Non-Ferrous Metal

156

-12.3

      Ore Mining, Processing of Non-Metallic Minerals

252

-11.7

 Manufacturing

29325

5.8

Of which: Processing of Food from Agricultural Products

1508

8.8

Manufacture of Foods

792

0.7

           Manufacture of Textile

1043

5.4

Manufacture of Chemical Raw Material and Chemical Products

2138

-1.1

Manufacture of Medicines

967

8.1

Manufacture of Rubber and Plastics Products

1015

-1.3

         Manufacture of Non-metallic Mineral Products

2379

0.1

      Smelting and Pressing of Ferrous Metals

584

-10.1

      Smelting and Pressing of Non-Ferrous Metal

735

-3.5

Manufacture of Fabricated Metal Products

1538

7.1

      Manufacture of General Purpose Machinery

2108

2.0

      Manufacture of Special Purpose Machinery

1986

5.8

      Manufacture of Automobile

2191

8.1

      Manufacture of Railways, Shipbuilding, Aerospace and Other Transportation Equipment

459

3.1

      Manufacture of Electrical Machinery & Equipment

2194

8.3

      Manufacture of Telecommunications Equipment, Computers and Other Electronic Equipment

2217

26.8

 Production and Supply of Electricity ,Gas and Water

4181

2.6

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

3131

-1.7

 Construction

554

-27.9

 Transport, Storage and Post

8492

17.8

  Of which: Railway Transportation

995

10.8

      Road Transportation

5551

24.7

 Management of Water Conservancy, Environment and Public Facilities

11083

26.9

  Of which: Management on Water Resource

1387

18.3

      Management on Public Facilities

9235

27.4

 Education

1424

12.2

 Health, Social Works

987

19.3

 Culture, Sports and Entertainment

1148

9.4

 Public Management, Social Security and Social Organizations

977

-4.4

Grouped by Registration Type

 

 

 Domestic Funded

88702

10.0

 Funds from Hong Kong, Macao and Taiwan

2605

-2.7

 Foreign Investment

2263

0.3

Grouped by Construction and New Projects

 

 

 Total Investment in Construction Project

724758

21.7

 Total Planned Investment in New Projects

62015

-6.5

Funds in Place for Investment (Exclude Rural Households)

106081

-2.9

  Of which: Government Budgetary Funds

4866

-7.1

      Domestic Loans

14974

-2.0

      Foreign Investment

470

-5.3

      Self-Raising Funds

63415

-9.8

      Other Funds

22357

24.5

 

 

 

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. 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 2016 to March 2017 has been revised as follows:

 

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

(Excluding Rural Households)

 

 

Growth Rate (%)

 

 

2016-March

0.88

April

0.67

May

0.71

June

0.79

July

0.62

August

0.70

September

0.68

October

0.74

November

0.67

December

0.74

2017-January

0.72

February

0.86

March

0.87

 

 

 

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