Investment in Fixed Assets for the First Nine Months of 2017

National Bureau of Statistics of China 2017-10-23 13:53 Print| Large| Medium| Small

In the first nine months of 2017, the investment in fixed assets (excluding rural households) reached 45,847.8 billion yuan, up by 7.5 percent year-on-year, and the growth rate was 0.3 percentage points lower than that of the first eight months. In September, the investment in fixed assets increased 0.56 percent, month-on-month.

 

 

In term of different industries, the investment in primary industry was 1,497.3 billion yuan, went up by 11.8 percent year-on-year, and the growth rate decreased 0.4 percentage points from the first eight months; that of secondary industry was 17,178.7 billion yuan, went up by 2.6 percent, and a decrease of 0.6 percentage points; that of tertiary industry was 27,171.8 billion yuan, increased 10.5 percent, and a decrease of 0.1 percentage point.

 

In secondary industry, the investment in industry reached 16,952.6 billion yuan, increased 3.3 percent year-on-year, and the growth rate decreased 0.5 percentage points from the first eight months. Of which, the investment in mining industry stood at 669.2 billion yuan, went down by 9.2 percent, and the pace of decline extended by 2.2 percentage points; that of manufacture, 14,081.9 billion yuan, increased 4.2 percent, and the growth rate decreased 0.3 percentage points; that of production and supply of electric power, heat power, gas and water, 2,201.4 billion yuan, increased 1.7 percent, a increase of 0.9 percentage points.

 

In tertiary industry, the investment in infrastructure (excluding electric power, heat power, gas and water) was 9,965.2 billion yuan, increased 19.8 percent year-on-year, and the growth rate remained unchanged from the first eight months. Of which, the investment in management of water conservancy increased 16.5 percent, down by 1.1 percentage points; that of management of public facilities increased 23.7 percent, down by 0.6 percentage points; that of transport via road increased 24.9 percent, up by 0.8 percentage points; that of transport via railway increased 0.5 percent, down by 3.7 percentage points.

 

In term of different areas, the investment in eastern region amounted to 19,333.5 billion yuan, rose by 8.6 percent year-on-year, and the growth rate decreased 0.2 percentage points from the first eight months; that of central region, 11,731.8 billion yuan, increased 7.5 percent, a decrease of 0.2 percentage points; that of western region, 12,233.8 billion yuan, increased 9.4 percent, a decrease of 0.7 percentage points; that of northeastern region, 2,232.4 billion yuan, decreased 2.1 percent, and the pace of decline narrowed by 3.9 percentage points.

 

In term of types of registration, the investment by domestic enterprises was 43,857.2 billion yuan, went up by 8.1 percent year-on-year, and the growth rate decreased 0.3 percentage points from the first eight months; investment by funds from Hong Kong, Macao and Taiwan was 992.2 billion yuan, went down by 4.3 percent, and the pace of decline extended by 0.3 percentage point; and the investment by foreign funds was 838.9 billion yuan, down by 6.7 percent, and the pace of decline remained unchanged.

 

In terms of jurisdiction of project management, the central investment reached 1,613.3 billion yuan, decreased 6.0 percent year-on-year, and the pace of decline narrowed by 21.6 percentage points from the first eight months; the local investment was 44,234.5 billion yuan, up by 8.0 percent, and the growth rate decreased 1.7 percentage points.

 

Analysis on projects under construction or started this year showed that, the total planned investment in projects under construction reached 115,024.2 billion yuan, up by 18.1 percent year-on-year, and the growth rate decreased 0.5 percentage points from the first eight months. The total planned investment in newly started projects was 37,634.7 billion yuan, up by 2.4 percent year-on-year, and the growth rate increased 0.2 percentage points.

 

In terms of paid-in funds, 45,700.7 billion yuan had been invested, increased 3.3 percent year-on-year, and the growth rate increased 0.5 percentage points from the first eight months. Of this total, the growth of government budgetary funds went up by 9.0 percent, an increase of 2.1 percentage points, investment from domestic loans went up by 8.6 percent, an increase of 0.9 percentage points, that from self-raising funds went up by 0.1 percent, while that in the first eight months was down by 0.9 percent, that from foreign investment decreased 7.1 percent, and the pace of decline narrowed by 2.9 percentage points, other investment went up by 11.7 percent, a decrease of 2.3 percentage points.

 

 

Investment in Fixed Assets for the First Nine Months of 2017

 

Indicators

Jan-Sep

Absolute Value

Increase rate Y/Y

(%)

 

 

 

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

458478

7.5

  Of which: State-owned and State Holding

168164

11.0

    Of which: Private Investment

277520

6.0

Grouped by Jurisdiction of Project Management

 

 

 Central Investment

16133

-6.0

 Local Investment

442345

8.0

Grouped by Constitution

 

 

  Construction and Installation

323682

7.6

  Purchase of Equipment and Instruments

80767

6.0

  Other Expenses

54030

8.8

Grouped by Types of Industry

 

 

 Primary Industry

14973

11.8

 Secondary Industry

171787

2.6

 Tertiary Industry

271718

10.5

Grouped by Industrial Sectors

 

 

 Agriculture, Forestry, Animal Husbandry and Fishery

17723

9.1

 Mining

6692

-9.2

  Of which: Mining and Washing of Coal

2012

-8.5

      Extraction of Petroleum and Natural Gas

1727

12.4

      Ore Mining, Smelting and Pressing of Ferrous Metals

579

-23.5

      Ore Mining, Smelting and Pressing of Non-Ferrous Metal

861

-20.8

      Ore Mining, Processing of Non-Metallic Minerals

1313

-13.7

 Manufacturing

140819

4.2

Of which: Processing of Food from Agricultural Products

8633

2.9

Manufacture of Foods

4241

1.3

           Manufacture of Textile

5049

6.6

Manufacture of Chemical Raw Material and Chemical Products

10314

-2.7

Manufacture of Medicines

4443

-2.3

Manufacture of Rubber and Plastics Products

5061

-0.3

         Manufacture of Non-metallic Mineral Products

12267

1.1

      Smelting and Pressing of Ferrous Metals

2747

-11.2

      Smelting and Pressing of Non-Ferrous Metal

3789

-4.2

Manufacture of Fabricated Metal Products

7528

3.7

      Manufacture of General Purpose Machinery

9519

0.2

      Manufacture of Special Purpose Machinery

8925

3.9

      Manufacture of Automobile

9715

10.2

      Manufacture of Railways, Shipbuilding, Aerospace and Other Transportation Equipment

2199

6.9

      Manufacture of Electrical Machinery & Equipment

9960

8.0

      Manufacture of Telecommunications Equipment, Computers and Other Electronic Equipment

9191

25.3

 Production and Supply of Electricity ,Gas and Water

22014

1.7

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

16543

-0.9

 Construction

2617

-28.0

 Transport, Storage and Post

43270

15.2

  Of which: Railway Transportation

5260

0.5

      Road Transportation

28632

24.9

 Management of Water Conservancy, Environment and Public Facilities

59081

22.8

  Of which: Management on Water Resource

7195

16.5

      Management on Public Facilities

49164

23.7

 Education

7966

20.9

 Health, Social Works

5160

18.2

 Culture, Sports and Entertainment

6270

14.8

 Public Management, Social Security and Social Organizations

5800

4.0

Grouped by Registration Type

 

 

 Domestic Funded

438572

8.1

 Funds from Hong Kong, Macao and Taiwan

9922

-4.3

 Foreign Investment

8389

-6.7

Grouped by Construction and New Projects

 

 

 Total Investment in Construction Project

1150242

18.1

 Total Planned Investment in New Projects

376347

2.4

Funds in Place for Investment (Exclude Rural Households)

457007

3.3

  Of which: Government Budgetary Funds

28116

9.0

      Domestic Loans

53450

8.6

      Foreign Investment

1636

-7.1

      Self-Raising Funds

296839

0.1

      Other Funds

76965

11.7

 

 

 

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 September 2016 to September 2017 has been revised as follows:

 

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

(Excluding Rural Households)

 

 

Growth Rate (%)

 

 

2016-September

0.58

October

0.60

November

0.57

December

0.58

2017-January

0.56

February

0.61

March

0.60

April

0.59

May

0.58

June

0.61

July

0.57

August

0.54

September

0.56