Investment in Fixed Assets for the First Five Months of 2017
National Bureau of Statistics of China2017-06-15 10:36




In the first five months of 2017, the investment in fixed assets (excluding rural households) reached 20,371.8 billion yuan, up by 8.6 percent year-on-year, and the growth rate was 0.3 percentage points lower than that of the first four months. In May, the investment in fixed assets increased 0.72 percent, month-on-month.

 

 

 

In term of different industries, the investment in primary industry was 593.8 billion yuan, went up by 16.9 percent year-on-year, and the growth rate decreased 2.2 percentage points from the first four months; that of secondary industry was 7,757.2 billion yuan, went up by 3.6 percent, an increase of 0.1 percentage point; that of tertiary industry was 12,020.8 billion yuan, went up by 11.6 percent, a decrease of 0.5 percentage points.

 

In secondary industry, the investment in industry reached 7,641.1 billion yuan, increased 4.1 percent year-on-year, and the growth rate increased 0.3 percentage points from the first four months. Of which, the investment in mining industry stood at 270.7 billion yuan, went down by 11.4 percent, and the pace of decline extended by 1.9 percentage points; that of manufacture, 6,418.3 billion yuan, increased 5.1 percent, and the growth rate increased 0.2 percentage points; that of production and supply of electric power, heat power, gas and water, 952.1 billion yuan, increased 2.4 percent, an increase of 1.2 percentage points.

 

In tertiary industry, the investment in infrastructure (excluding electric power, heat power, gas and water) was 4,230.6 billion yuan, increased 20.9 percent year-on-year, and the growth rate decreased 2.4 percentage points from the first four months. Of which, the investment in management of water conservancy increased 14.7 percent, down by 1.4 percentage points; that of management of public facilities increased 25.2 percent, down by 3.2 percentage points; that of transport via road increased 23.1 percent, down by 1.5 percentage points; that of transport via railway increased 3.4 percent, down by 0.1 percentage point.

 

In term of different areas, the investment in eastern region amounted to 9,196.2 billion yuan, rose by 8.7 percent year-on-year, and the growth rate decreased 0.4 percentage points from the first four months; that of central region, 5,438.3 billion yuan, increased 10.4 percent, an increase of 0.1 percentage point; that of western region, 4,996.1 billion yuan, increased 10.9 percent, a decrease of 0.1 percentage point; that of northeastern region, 595.0 billion yuan, decreased 14.4 percent, and the pace of decline narrowed by 4.3 percentage points.

 

In term of types of registration, the investment by domestic enterprises was 19,399.5 billion yuan, went up by 9.2 percent year-on-year, and the growth rate decreased 0.4 percentage points from the first four months; investment by funds from Hong Kong, Macao and Taiwan was 485.1 billion yuan, went down by 4.4 percent, and the pace of decline remained at the same level with the first four months; and the investment by foreign funds was 430.1 billion yuan, down by 1.3 percent, and the pace of decline extended by 1.0 percentage point from the first four months.

 

In terms of jurisdiction of project management, the central investment reached 703.5 billion yuan, decreased 10.2 percent year-on-year, and the pace of decline extended by 1.0 percentage point; the local investment was 19,668.3 billion yuan, up by 9.4 percent, and the growth rate decreased 0.2 percentage points from the first four months.

 

Analysis on projects under construction or started this year showed that, the total planned investment in projects under construction reached 88,715.3 billion yuan, up by 19.4 percent year-on-year, and the growth rate increased 0.4 percentage points from the first four months. The total planned investment in newly started projects was 16,252.9 billion yuan, down by 5.6 percent year-on-year, and the pace of decline narrowed by 0.3 percentage points.

 

In terms of paid-in funds, 21,228.1 billion yuan had been invested, decreased 0.1 percent year-on-year, and the pace of decline narrowed by 1.3 percentage points from the first four months. Of this total, the growth of government budgetary funds went up by 1.5 percent, while that of the first four months was down by 0.1 percent, investment from domestic loans went up by 2.8 percent, and the growth rate increased 1.9 percentage points from the first four months, that from self-raising funds went down by 4.6 percent, and the pace of decline narrowed by 2.5 percentage points, that from foreign investment decreased 12.9 percent, and the pace of decline narrowed by 0.7 percentage points, other investment went up by 16.0 percent, and the growth rate decreased 3.2 percentage points.

 

 

 

Investment in Fixed Assets for the First Five Months of 2017

 

Indicators

Jan-May

Absolute Value

Increase rate Y/Y

(%)

 

 

 

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

203718

8.6

  Of which: State-owned and State Holding

72912

12.6

    Of which: Private Investment

124329

6.8

Grouped by Jurisdiction of Project Management

 

 

 Central Investment

7035

-10.2

 Local Investment

196683

9.4

Grouped by Constitution

 

 

  Construction and Installation

144542

9.2

  Purchase of Equipment and Instruments

35423

7.7

  Other Expenses

23753

5.7

Grouped by Types of Industry

 

 

 Primary Industry

5938

16.9

 Secondary Industry

77572

3.6

 Tertiary Industry

120208

11.6

Grouped by Industrial Sectors

 

 

 Agriculture, Forestry, Animal Husbandry and Fishery

7048

14.1

 Mining

2707

-11.4

  Of which: Mining and Washing of Coal

694

-8.5

      Extraction of Petroleum and Natural Gas

721

-6.1

      Ore Mining, Smelting and Pressing of Ferrous Metals

238

-24.5

      Ore Mining, Smelting and Pressing of Non-Ferrous Metal

390

-17.1

      Ore Mining, Processing of Non-Metallic Minerals

593

-7.3

 Manufacturing

64183

5.1

Of which: Processing of Food from Agricultural Products

3607

7.3

Manufacture of Foods

1890

3.5

           Manufacture of Textile

2341

7.1

Manufacture of Chemical Raw Material and Chemical Products

4796

-0.8

Manufacture of Medicines

2086

2.7

Manufacture of Rubber and Plastics Products

2262

-0.2

         Manufacture of Non-metallic Mineral Products

5372

0.0

      Smelting and Pressing of Ferrous Metals

1274

-11.0

      Smelting and Pressing of Non-Ferrous Metal

1723

-7.2

Manufacture of Fabricated Metal Products

3409

5.6

      Manufacture of General Purpose Machinery

4478

0.1

      Manufacture of Special Purpose Machinery

4174

3.3

      Manufacture of Automobile

4554

9.9

      Manufacture of Railways, Shipbuilding, Aerospace and Other Transportation Equipment

1013

5.5

      Manufacture of Electrical Machinery & Equipment

4656

8.0

      Manufacture of Telecommunications Equipment, Computers and Other Electronic Equipment

4469

29.0

 Production and Supply of Electricity ,Gas and Water

9521

2.4

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

7209

-0.6

 Construction

1316

-20.3

 Transport, Storage and Post

18537

15.1

  Of which: Railway Transportation

2248

3.4

      Road Transportation

12103

23.1

 Management of Water Conservancy, Environment and Public Facilities

25017

24.5

  Of which: Management on Water Resource

3150

14.7

      Management on Public Facilities

20763

25.2

 Education

3399

18.7

 Health, Social Works

2209

19.6

 Culture, Sports and Entertainment

2720

16.6

 Public Management, Social Security and Social Organizations

2401

-0.2

Grouped by Registration Type

 

 

 Domestic Funded

193995

9.2

 Funds from Hong Kong, Macao and Taiwan

4851

-4.4

 Foreign Investment

4301

-1.3

Grouped by Construction and New Projects

 

 

 Total Investment in Construction Project

887153

19.4

 Total Planned Investment in New Projects

162529

-5.6

Funds in Place for Investment (Exclude Rural Households)

212281

-0.1

  Of which: Government Budgetary Funds

11486

1.5

      Domestic Loans

26791

2.8

      Foreign Investment

824

-12.9

      Self-Raising Funds

133794

-4.6

      Other Funds

39386

16.0

 

 

 

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 May 2016 to May 2017 has been revised as follows:

 

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

(Excluding Rural Households)

 

 

Growth Rate (%)

 

 

2016-May

0.73

June

0.69

July

0.60

August

0.71

September

0.65

October

0.72

November

0.62

December

0.69

2017-January

0.65

February

0.73

March

0.79

April

0.75

May

0.72

 

 

 

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