Investment in Fixed Assets for the First Eleven Months of 2017

National Bureau of Statistics of China 2017-12-14 16:55 Print| Large| Medium| Small

In the first eleven months of 2017, the investment in fixed assets (excluding rural households) reached 57,505.7 billion yuan, up by 7.2 percent year-on-year, and the growth rate was 0.1 percentage point lower than that of the first ten months. In November, the investment in fixed assets increased 0.53 percent, month-on-month.

In term of different industries, the investment in primary industry was 1,897.9 billion yuan, went up by 11.4 percent year-on-year, and the growth rate decreased 1.7 percentage points from the first ten months; that of secondary industry was 21,461.8 billion yuan, went up by 2.6 percent, and a decrease of 0.1 percentage point; that of tertiary industry was 34,146.0 billion yuan, increased 10.1 percent, and an increase of 0.1 percentage point.

In secondary industry, the investment in industry reached 21,179.2 billion yuan, increased 3.1 percent year-on-year, and the growth rate decreased 0.2 percentage points from the first ten months. Of which, the investment in mining industry stood at 822.3 billion yuan, went down by 10.2 percent, and the pace of decline extended by 1.1 percentage points; that of manufacture, 17,629.9 billion yuan, increased 4.1 percent, and the growth rate remained at the same level from the first ten months; that of production and supply of electric power, heat power, gas and water, 2,727.0 billion yuan, increased 1.1 percent, a decrease of 1.2 percentage points.

In tertiary industry, the investment in infrastructure (excluding electric power, heat power, gas and water) was 12,672.0 billion yuan, increased 20.1 percent year-on-year, and the growth rate increased 0.5 percentage points from the first ten months. Of which, the investment in management of water conservancy increased 17.0 percent, up by 0.8 percentage points; that of management of public facilities increased 23.3 percent, down by 0.1 percentage point; that of transport via road increased 24.6 percent, down by 0.1 percentage point; that of transport via railway increased 0.5 percent, up by 0.1 percentage point.

In term of different areas, the investment in eastern region amounted to 24,216.6 billion yuan, rose by 8.1 percent year-on-year, and the growth rate remained at the same level from the first ten months; that of central region, 14,675.8 billion yuan, increased 6.9 percent, a decrease of 0.5 percentage points; that of western region, 15,364.7 billion yuan, increased 9.3 percent, an increase of 0.3 percentage points; that of northeastern region, 2,847.3 billion yuan, increased 0.1 percent, while that in the first ten months was down by 3.2 percent.

In term of types of registration, the investment by domestic enterprises was 55,039.9 billion yuan, went up by 7.8 percent year-on-year, and the growth rate decreased 0.1 percentage point from the first ten months; investment by funds from Hong Kong, Macao and Taiwan was 1,231.6 billion yuan, went down by 2.9 percent, and the pace of decline narrowed by 0.9 percentage points; and the investment by foreign funds was 1,031.7 billion yuan, down by 5.3 percent, and the pace of decline narrowed by 1.3 percentage points.

In terms of jurisdiction of project management, the central investment reached 2,022.7 billion yuan, decreased 5.8 percent year-on-year, and the pace of decline narrowed by 0.1 percentage point from the first ten months; the local investment was 55,483.0 billion yuan, up by 7.8 percent, and the growth rate remained at the same level from the first ten months.

Analysis on projects under construction or started this year showed that, the total planned investment in projects under construction reached 126,510.0 billion yuan, up by 18.7 percent year-on-year, and the growth rate increased 0.6 percentage points from the first ten months. The total planned investment in newly started projects was 47,855.7 billion yuan, up by 6.2 percent year-on-year, and the growth rate increased 2.4 percentage points.

In terms of paid-in funds, 57,061.5 billion yuan had been invested, increased 4.4 percent year-on-year, and the growth rate increased 0.8 percentage points from the first ten months. Of this total, the growth of government budgetary funds went up by 9.5 percent, a decrease of 0.3 percentage points, investment from domestic loans went up by 9.3 percent, a decrease of 0.3 percentage points, that from self-raising funds went up by 1.7 percent, an increase of 1.2 percentage points, that from foreign investment decreased 3.8 percent, and the pace of decline narrowed by 1.7 percentage points, other investment went up by 11.1 percent, an increase of 0.5 percentage points.

Investment in Fixed Assets for the First Eleven Months of 2017
Indicators	Jan-Nov
Indicators	Absolute Value	Increase rate Y/Y (%)

Investment in Fixed Assets (Exclude Rural Households) (100 million yuan)	575057	7.2
Of which: State-owned and State Holding	211295	11.0
Of which: Private Investment	348143	5.7
Grouped by Jurisdiction of Project Management
Central Investment	20227	-5.8
Local Investment	554830	7.8
Grouped by Constitution
Construction and Installation	404110	7.7
Purchase of Equipment and Instruments	102414	4.7
Other Expenses	68533	8.8
Grouped by Types of Industry
Primary Industry	18979	11.4
Secondary Industry	214618	2.6
Tertiary Industry	341460	10.1
Grouped by Industrial Sectors
Agriculture, Forestry, Animal Husbandry and Fishery	22428	8.8
Mining	8223	-10.2
Of which: Mining and Washing of Coal	2435	-11.3
Extraction of Petroleum and Natural Gas	2160	15.8
Ore Mining, Smelting and Pressing of Ferrous Metals	696	-23.0
Ore Mining, Smelting and Pressing of Non-Ferrous Metal	1043	-22.4
Ore Mining, Processing of Non-Metallic Minerals	1623	-15.8
Manufacturing	176299	4.1
Of which: Processing of Food from Agricultural Products	10873	2.6
Manufacture of Foods	5304	0.7
Manufacture of Textile	6358	6.4
Manufacture of Chemical Raw Material and Chemical Products	12741	-4.6
Manufacture of Medicines	5469	-4.3
Manufacture of Rubber and Plastics Products	6373	0.7
Manufacture of Non-metallic Mineral Products	15453	1.6
Smelting and Pressing of Ferrous Metals	3475	-9.0
Smelting and Pressing of Non-Ferrous Metal	4686	-4.8
Manufacture of Fabricated Metal Products	9463	3.6
Manufacture of General Purpose Machinery	12041	2.5
Manufacture of Special Purpose Machinery	11187	3.2
Manufacture of Automobile	12006	10.4
Manufacture of Railways, Shipbuilding, Aerospace and Other Transportation Equipment	2738	5.8
Manufacture of Electrical Machinery & Equipment	12310	6.5
Manufacture of Telecommunications Equipment, Computers and Other Electronic Equipment	11527	23.3
Production and Supply of Electricity ,Gas and Water	27270	1.1
Of which: Production and Supply of Electric Power and Heat Power	20247	-1.7
Construction	3286	-22.7
Transport, Storage and Post	54989	15.6
Of which: Railway Transportation	6692	0.5
Road Transportation	36568	24.6
Management of Water Conservancy, Environment and Public Facilities	74939	22.5
Of which: Management on Water Resource	9072	17.0
Management on Public Facilities	62393	23.3
Education	10028	19.8
Health, Social Works	6554	17.8
Culture, Sports and Entertainment	7905	13.1
Public Management, Social Security and Social Organizations	7272	4.1
Grouped by Registration Type
Domestic Funded	550399	7.8
Funds from Hong Kong, Macao and Taiwan	12316	-2.9
Foreign Investment	10317	-5.3
Grouped by Construction and New Projects
Total Investment in Construction Project	1265100	18.7
Total Planned Investment in New Projects	478557	6.2
Funds in Place for Investment (Exclude Rural Households)	570615	4.4
Of which: Government Budgetary Funds	35138	9.5
Domestic Loans	65504	9.3
Foreign Investment	1975	-3.8
Self-Raising Funds	372103	1.7
Other Funds	95895	11.1

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 November 2016 to November 2017 has been revised as follows:

The Month-on-Month Growth Rate of Investment on Fixed Assets (Excluding Rural Households)
	Growth Rate (%)

2016-November	0.57
December	0.58
2017-January	0.57
February	0.60
March	0.59
April	0.58
May	0.57
June	0.58
July	0.56
August	0.53
September	0.54
October	0.51
November	0.53