Investment in Fixed Assets for the First Ten Months of 2017
National Bureau of Statistics of China2017-11-15 16:38




In the first ten months of 2017, the investment in fixed assets (excluding rural households) reached 51,781.8 billion yuan, up by 7.3 percent year-on-year, and the growth rate was 0.2 percentage points lower than that of the first nine months. In October, the investment in fixed assets increased 0.52 percent, month-on-month.

 

 

In term of different industries, the investment in primary industry was 1,709.6 billion yuan, went up by 13.1 percent year-on-year, and the growth rate increased 1.3 percentage points from the first nine months; that of secondary industry was 19,353.3 billion yuan, went up by 2.7 percent, and an increase of 0.1 percentage point; that of tertiary industry was 30,718.9 billion yuan, increased 10.0 percent, and a decrease of 0.5 percentage points.

 

In secondary industry, the investment in industry reached 19,097.1 billion yuan, increased 3.3 percent year-on-year, and the growth rate remained unchanged from the first nine months. Of which, the investment in mining industry stood at 744.0 billion yuan, went down by 9.1 percent, and the pace of decline narrowed by 0.1 percentage point; that of manufacture, 15,885.6 billion yuan, increased 4.1 percent, and the growth rate decreased 0.1 percentage point; that of production and supply of electric power, heat power, gas and water, 2,467.5 billion yuan, increased 2.3 percent, an increase of 0.6 percentage points.

 

In tertiary industry, the investment in infrastructure (excluding electric power, heat power, gas and water) was 11,310.3 billion yuan, increased 19.6 percent year-on-year, and the growth rate decreased 0.2 percentage points from the first nine months. Of which, the investment in management of water conservancy increased 16.2 percent, down by 0.3 percentage points; that of management of public facilities increased 23.4 percent, down by 0.3 percentage points; that of transport via road increased 24.7 percent, down by 0.2 percentage points; that of transport via railway increased 0.4 percent, down by 0.1 percentage point.

 

In term of different areas, the investment in eastern region amounted to 21,837.1 billion yuan, rose by 8.1 percent year-on-year, and the growth rate decreased 0.5 percentage points from the first nine months; that of central region, 13,146.0 billion yuan, increased 7.4 percent, a decrease of 0.1 percentage point; that of western region, 13,802.8 billion yuan, increased 9.0 percent, a decrease of 0.4 percentage points; that of northeastern region, 2,640.7 billion yuan, decreased 3.2 percent, and the pace of decline expanded by 1.1 percentage points.

 

In term of types of registration, the investment by domestic enterprises was 49,556.7 billion yuan, went up by 7.9 percent year-on-year, and the growth rate decreased 0.2 percentage points from the first nine months; investment by funds from Hong Kong, Macao and Taiwan was 1,113.4 billion yuan, went down by 3.8 percent, and the pace of decline narrowed by 0.5 percentage points; and the investment by foreign funds was 930.6 billion yuan, down by 6.6 percent, and the pace of decline narrowed by 0.1 percentage point.

 

In terms of jurisdiction of project management, the central investment reached 1,813.9 billion yuan, decreased 5.9 percent year-on-year, and the pace of decline narrowed by 0.1 percentage point from the first nine months; the local investment was 49,967.9 billion yuan, up by 7.8 percent, and the growth rate decreased 0.2 percentage points.

 

Analysis on projects under construction or started this year showed that, the total planned investment in projects under construction reached 120,787.4 billion yuan, up by 18.1 percent year-on-year, and the growth rate remained unchanged from the first nine months. The total planned investment in newly started projects was 42,654.1 billion yuan, up by 3.8 percent year-on-year, and the growth rate increased 1.4 percentage points.

 

In terms of paid-in funds, 51,459.7 billion yuan had been invested, increased 3.6 percent year-on-year, and the growth rate increased 0.3 percentage points from the first nine months. Of this total, the growth of government budgetary funds went up by 9.8 percent, an increase of 0.8 percentage points, investment from domestic loans went up by 9.6 percent, an increase of 1.0 percentage point, that from self-raising funds went up by 0.5 percent, an increase of 0.4 percentage points, that from foreign investment decreased 5.5 percent, and the pace of decline narrowed by 1.6 percentage points, other investment went up by 10.6 percent, a decrease of 1.1 percentage points.

 

 

Investment in Fixed Assets for the First Ten Months of 2017

 

Indicators

Jan-Oct

Absolute Value

Increase rate Y/Y

(%)

 

 

 

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

517818

7.3

  Of which: State-owned and State Holding

189881

10.9

    Of which: Private Investment

313734

5.8

Grouped by Jurisdiction of Project Management

 

 

 Central Investment

18139

-5.9

 Local Investment

499679

7.8

Grouped by Constitution

 

 

  Construction and Installation

364779

7.7

  Purchase of Equipment and Instruments

91862

4.9

  Other Expenses

61177

8.4

Grouped by Types of Industry

 

 

 Primary Industry

17096

13.1

 Secondary Industry

193533

2.7

 Tertiary Industry

307189

10.0

Grouped by Industrial Sectors

 

 

 Agriculture, Forestry, Animal Husbandry and Fishery

20218

10.2

 Mining

7440

-9.1

  Of which: Mining and Washing of Coal

2219

-8.5

      Extraction of Petroleum and Natural Gas

1907

14.7

      Ore Mining, Smelting and Pressing of Ferrous Metals

649

-22.4

      Ore Mining, Smelting and Pressing of Non-Ferrous Metal

956

-21.3

      Ore Mining, Processing of Non-Metallic Minerals

1479

-14.1

 Manufacturing

158856

4.1

Of which: Processing of Food from Agricultural Products

9798

2.9

Manufacture of Foods

4784

1.2

           Manufacture of Textile

5712

7.2

Manufacture of Chemical Raw Material and Chemical Products

11568

-3.8

Manufacture of Medicines

4996

-3.8

Manufacture of Rubber and Plastics Products

5746

0.6

         Manufacture of Non-metallic Mineral Products

13886

1.1

      Smelting and Pressing of Ferrous Metals

3131

-10.2

      Smelting and Pressing of Non-Ferrous Metal

4239

-4.6

Manufacture of Fabricated Metal Products

8491

3.3

      Manufacture of General Purpose Machinery

10788

0.8

      Manufacture of Special Purpose Machinery

10067

3.2

      Manufacture of Automobile

10910

11.2

      Manufacture of Railways, Shipbuilding, Aerospace and Other Transportation Equipment

2445

4.0

      Manufacture of Electrical Machinery & Equipment

11166

7.7

      Manufacture of Telecommunications Equipment, Computers and Other Electronic Equipment

10329

24.8

 Production and Supply of Electricity ,Gas and Water

24675

2.3

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

18466

-0.4

 Construction

2970

-25.0

 Transport, Storage and Post

49150

15.0

  Of which: Railway Transportation

5973

0.4

      Road Transportation

32584

24.7

 Management of Water Conservancy, Environment and Public Facilities

66986

22.5

  Of which: Management on Water Resource

8111

16.2

      Management on Public Facilities

55796

23.4

 Education

8999

20.0

 Health, Social Works

5865

18.5

 Culture, Sports and Entertainment

7096

13.5

 Public Management, Social Security and Social Organizations

6517

1.8

Grouped by Registration Type

 

 

 Domestic Funded

495567

7.9

 Funds from Hong Kong, Macao and Taiwan

11134

-3.8

 Foreign Investment

9306

-6.6

Grouped by Construction and New Projects

 

 

 Total Investment in Construction Project

1207874

18.1

 Total Planned Investment in New Projects

426541

3.8

Funds in Place for Investment (Exclude Rural Households)

514597

3.6

  Of which: Government Budgetary Funds

31752

9.8

      Domestic Loans

59385

9.6

      Foreign Investment

1800

-5.5

      Self-Raising Funds

335504

0.5

      Other Funds

86157

10.6

 

 

 

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 October 2016 to October 2017 has been revised as follows:

 

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

(Excluding Rural Households)

 

 

Growth Rate (%)

 

 

2016-October

0.59

November

0.58

December

0.58

2017-January

0.57

February

0.61

March

0.60

April

0.59

May

0.58

June

0.60

July

0.55

August

0.53

September

0.55

October

0.52

 

 

 

 

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