Investment in Fixed Assets for the First Six Months of 2017
National Bureau of Statistics of China2017-07-18 14:04




In the first six months of 2017, the investment in fixed assets (excluding rural households) reached 28,060.5 billion yuan, up by 8.6 percent year-on-year, and the growth rate was kept the same level of the first five months. In June, the investment in fixed assets increased 0.73 percent, month-on-month.

 

 

In term of different industries, the investment in primary industry was 869.4 billion yuan, went up by 16.5 percent year-on-year, and the growth rate decreased 0.4 percentage points from the first five months; that of secondary industry was 10,580.7 billion yuan, went up by 4.0 percent, an increase of 0.4 percentage point; that of tertiary industry was 16,610.4 billion yuan, went up by 11.3 percent, a decrease of 0.3 percentage points.

 

In secondary industry, the investment in industry reached 10,420.3 billion yuan, increased 4.6 percent year-on-year, and the growth rate increased 0.5 percentage points from the first five months. Of which, the investment in mining industry stood at 395.5 billion yuan, went down by 6.4 percent, and the pace of decline extended by 5.0 percentage points; that of manufacture, 8,680.9 billion yuan, increased 5.5 percent, and the growth rate increased 0.4 percentage points; that of production and supply of electric power, heat power, gas and water, 1,343.8 billion yuan, increased 2.5 percent, an increase of 0.1 percentage point.

 

In tertiary industry, the investment in infrastructure (excluding electric power, heat power, gas and water) was 5,942.2 billion yuan, increased 21.1 percent year-on-year, and the growth rate increased 0.2 percentage points from the first five months. Of which, the investment in management of water conservancy increased 17.5 percent, up by 2.8 percentage points; that of management of public facilities increased 25.4 percent, up by 0.2 percentage points; that of transport via road increased 23.2 percent, up by 0.1 percentage point; that of transport via railway increased 1.9 percent, down by 1.5 percentage points.

 

In term of different areas, the investment in eastern region amounted to 12,159.5 billion yuan, rose by 9.1 percent year-on-year, and the growth rate increased 0.4 percentage points from the first five months; that of central region, 7,383.7 billion yuan, increased 10.1 percent, a decrease of 0.3 percentage points; that of western region, 7,235.0 billion yuan, increased 10.7 percent, a decrease of 0.2 percentage points; that of northeastern region, 1,103.4 billion yuan, decreased 9.5 percent, and the pace of decline narrowed by 4.9 percentage points.

 

In term of types of registration, the investment by domestic enterprises was 26,785.0 billion yuan, went up by 9.3 percent year-on-year, and the growth rate increased 0.1 percentage point from the first five months; investment by funds from Hong Kong, Macao and Taiwan was 641.7 billion yuan, went down by 4.7 percent, and the pace of decline increased 0.3 percentage points over the first five months; and the investment by foreign funds was 546.8 billion yuan, down by 4.0 percent, and the pace of decline extended by 2.7 percentage points from the first five months.

 

In terms of jurisdiction of project management, the central investment reached 964.0 billion yuan, decreased 10.9 percent year-on-year, and the pace of decline extended by 0.7 percentage points; the local investment was 27,096.5 billion yuan, up by 9.5 percent, and the growth rate increased 0.1 percentage point from the first five months.

 

Analysis on projects under construction or started this year showed that, the total planned investment in projects under construction reached 98,588.5 billion yuan, up by 19.7 percent year-on-year, and the growth rate increased 0.3 percentage points from the first five months. The total planned investment in newly started projects was 23,725.8 billion yuan, down by 1.2 percent year-on-year, and the pace of decline narrowed by 4.4 percentage points.

 

In terms of paid-in funds, 28,627.5 billion yuan had been invested, increased 1.4 percent year-on-year, and the pace of decline narrowed by 0.1 percentage point from the first five months. Of this total, the growth of government budgetary funds went up by 3.8 percent, while that of the first five months was up by 2.3 percent points, investment from domestic loans went up by 6.3 percent, and the growth rate increased 3.5 percentage points from the first five months, that from self-raising funds went down by 3.0 percent, and the pace of decline narrowed by 1.6 percentage points, that from foreign investment decreased 13.7 percent, and the pace of decline expanded 0.8 percentage points, other investment went up by 16.0 percent, and the growth rate kept the same level from the first five months.

 

 

Investment in Fixed Assets for the First Six Months of 2017

 

Indicators

Jan-June

Absolute Value

Increase rate Y/Y

(%)

 

 

 

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

280605

8.6

  Of which: State-owned and State Holding

102022

12.0

    Of which: Private Investment

170239

7.2

Grouped by Jurisdiction of Project Management

 

 

 Central Investment

9640

-10.9

 Local Investment

270965

9.5

Grouped by Constitution

 

 

Construction and Installation

198767

9.2

Purchase of Equipment and Instruments

48651

7.5

Other Expenses

33186

6.6

Grouped by Types of Industry

 

 

 Primary Industry

8694

16.5

 Secondary Industry

105807

4.0

 Tertiary Industry

166104

11.3

Grouped by Industrial Sectors

 

 

 Agriculture, Forestry, Animal Husbandry and Fishery

10303

13.9

 Mining

3955

-6.4

  Of which: Mining and Washing of Coal

1113

0.2

      Extraction of Petroleum and Natural Gas

1020

6.4

      Ore Mining, Smelting and Pressing of Ferrous Metals

344

-23.7

      Ore Mining, Smelting and Pressing of Non-Ferrous Metal

537

-19.8

      Ore Mining, Processing of Non-Metallic Minerals

819

-7.8

 Manufacturing

86809

5.5

Of which:Processing of Food from Agricultural Products

5125

6.3

Manufacture of Foods

2595

3.7

Manufacture of Textile

3124

7.2

Manufacture of Chemical Raw Materialand Chemical Products

6475

-0.3

Manufacture of Medicines

2846

2.7

Manufacture of Rubber and Plastics Products

3075

1.5

  Manufacture of Non-metallic Mineral Products

7443

1.3

     Smelting and Pressing of Ferrous Metals

1714

-11.9

     Smelting and Pressing of Non-Ferrous Metal

2390

-4.7

Manufacture of Fabricated Metal Products

4631

5.7

     Manufacture of General Purpose Machinery

5866

0.0

     Manufacture of Special Purpose Machinery

5594

4.7

     Manufacture of Automobile

6076

12.1

     Manufacture of Railways, Shipbuilding, Aerospace and Other Transportation Equipment

1400

9.2

     Manufacture of Electrical Machinery & Equipment

6238

8.9

     Manufacture of Telecommunications Equipment, Computers and Other Electronic Equipment

5709

27.4

 Production and Supply of Electricity ,Gas and Water

13438

2.5

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

10205

0.0

 Construction

1823

-22.2

 Transport, Storage and Post

25656

14.7

  Of which: Railway Transportation

3032

1.9

      Road Transportation

16850

23.2

 Management of Water Conservancy, Environment and Public Facilities

35415

25.2

  Of which: Management on Water Resource

4447

17.5

      Management on Public Facilities

29349

25.4

 Education

4788

17.8

 Health, Social Works

3081

18.8

 Culture, Sports and Entertainment

3799

15.4

 Public Management, Social Security and Social Organizations

3345

-1.2

Grouped by Registration Type

 

 

 Domestic Funded

267850

9.3

 Funds from Hong Kong, Macao and Taiwan

6417

-4.7

 Foreign Investment

5468

-4.0

Grouped by Construction and New Projects

 

 

 Total Investment in Construction Project

985885

19.7

 Total Planned Investment in New Projects

237258

-1.2

Funds in Place for Investment (Exclude Rural Households)

286275

1.4

  Of which: Government Budgetary Funds

16493

3.8

      Domestic Loans

35271

6.3

      Foreign Investment

1059

-13.7

      Self-Raising Funds

182444

-3.0

      Other Funds

51008

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 tohttp://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 June 2016 to June 2017 has been revised as follows:

 

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

(Excluding Rural Households)

 

 

Growth Rate (%)

 

 

2016-June

0.69

July

0.57

August

0.70

September

0.64

October

0.70

November

0.61

December

0.67

2017-January

0.61

February

0.77

March

0.78

April

0.74

May

0.71

June

0.73

 

 

 

 

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