Investment in Fixed Assets for 2017

National Bureau of Statistics of China 2018-01-25 09:54 Print| Large| Medium| Small

In 2017, the investment in fixed assets (excluding rural households) reached 63,168.4 billion yuan, up by 7.2 percent year-on-year, and the growth rate remained unchanged from the first eleven months. In December, the investment in fixed assets increased 0.53 percent, month-on-month.

In term of different industries, the investment in primary industry was 2,089.2 billion yuan, went up by 11.8 percent year-on-year, and the growth rate increased 0.4 percentage points from the first eleven months; that of secondary industry was 23,575.1 billion yuan, went up by 3.2 percent, and an increase of 0.6 percentage points; that of tertiary industry was 37,504.0 billion yuan, increased 9.5 percent, and a decrease of 0.6 percentage points.

In secondary industry, the investment in industry reached 23,261.9 billion yuan, increased 3.6 percent year-on-year, and the growth rate increased 0.5 percentage points from the first eleven months. Of which, the investment in mining industry stood at 920.9 billion yuan, went down by 10.0 percent, and the pace of decline narrowed by 0.2 percentage points; that of manufacture, 19,361.6 billion yuan, increased 4.8 percent, and the growth rate increased 0.7 percentage points; that of production and supply of electric power, heat power, gas and water, 2,979.4 billion yuan, increased 0.8 percent, a decrease of 0.3 percentage points.

In tertiary industry, the investment in infrastructure (excluding electric power, heat power, gas and water) was 14,000.5 billion yuan, increased 19.0 percent year-on-year, and the growth rate decreased 1.1 percentage points from the first eleven months. Of which, the investment in management of water conservancy increased 16.4 percent, down by 0.6 percentage points; that of management of public facilities increased 21.8 percent, down by 1.5 percentage points; that of transport via road increased 23.1 percent, down by 1.5 percentage points; that of transport via railway decreased 0.1 percent, while that in the first eleven months was up by 0.5 percent.

In term of different areas, the investment in eastern region amounted to 26,583.7 billion yuan, rose by 8.3 percent year-on-year, and the growth rate increased 0.2 percentage points from the first eleven months; that of central region, 16,340.0 billion yuan, increased 6.9 percent, and the growth rate remained at the same level from the first eleven months; that of western region, 16,657.1 billion yuan, increased 8.5 percent, a decrease of 0.8 percentage points; that of northeastern region, 3,065.5 billion yuan, increased 2.8 percent, an increase of 2.7 percentage points.

In term of types of registration, the investment by domestic enterprises was 60,455.0 billion yuan, went up by 7.7 percent year-on-year, and the growth rate decreased 0.1 percentage point from the first eleven months; investment by funds from Hong Kong, Macao and Taiwan was 1,356.2 billion yuan, went down by 4.0 percent, and the pace of decline extended by 1.1 percentage points; and the investment by foreign funds was 1,132.2 billion yuan, down by 2.7 percent, and the pace of decline narrowed by 2.6 percentage points.

In terms of jurisdiction of project management, the central investment reached 2,355.2 billion yuan, decreased 5.7 percent year-on-year, and the pace of decline narrowed by 0.1 percentage point from the first eleven months; the local investment was 60,813.2 billion yuan, up by 7.7 percent, and the growth rate dropped by 0.1 percentage point from the first eleven months.

Analysis on projects under construction or started this year showed that, the total planned investment in projects under construction reached 131,162.9 billion yuan, up by 18.2 percent year-on-year, and the growth rate decreased 0.5 percentage points from the first eleven months. The total planned investment in newly started projects was 51,909.3 billion yuan, up by 6.2 percent year-on-year, and the growth rate remained unchanged from the first eleven months.

In terms of paid-in funds, 62,981.5 billion yuan had been invested, increased 4.8 percent year-on-year, and the growth rate increased 0.4 percentage points from the first eleven months. Of this total, the growth of government budgetary funds went up by 7.8 percent, a decrease of 1.7 percentage points, investment from domestic loans went up by 9.0 percent, a decrease of 0.3 percentage points, that from self-raising funds went up by 2.3 percent, an increase of 0.6 percentage points, that from foreign investment decreased 3.1 percent, and the pace of decline narrowed by 0.7 percentage points, other investment went up by 11.6 percent, an increase of 0.5 percentage points.

Investment in Fixed Assets for 2017
Indicators	Jan-Dec
Indicators	Absolute Value	Increase rate Y/Y (%)

Investment in Fixed Assets (Exclude Rural Households) (100 million yuan)	631684	7.2
Of which: State-owned and State Holding	232887	10.1
Of which: Private Investment	381510	6.0
Grouped by Jurisdiction of Project Management
Central Investment	23552	-5.7
Local Investment	608132	7.7
Grouped by Constitution
Construction and Installation	441772	7.7
Purchase of Equipment and Instruments	114058	3.7
Other Expenses	75855	9.5
Grouped by Types of Industry
Primary Industry	20892	11.8
Secondary Industry	235751	3.2
Tertiary Industry	375040	9.5
Grouped by Industrial Sectors
Agriculture, Forestry, Animal Husbandry and Fishery	24638	9.1
Mining	9209	-10.0
Of which: Mining and Washing of Coal	2648	-12.3
Extraction of Petroleum and Natural Gas	2649	13.9
Ore Mining, Smelting and Pressing of Ferrous Metals	751	-22.8
Ore Mining, Smelting and Pressing of Non-Ferrous Metal	1109	-21.3
Ore Mining, Processing of Non-Metallic Minerals	1755	-16.3
Manufacturing	193616	4.8
Of which: Processing of Food from Agricultural Products	11986	3.6
Manufacture of Foods	5843	1.7
Manufacture of Textile	6936	5.9
Manufacture of Chemical Raw Material and Chemical Products	13903	-4.0
Manufacture of Medicines	5986	-3.0
Manufacture of Rubber and Plastics Products	6979	1.2
Manufacture of Non-metallic Mineral Products	16953	1.6
Smelting and Pressing of Ferrous Metals	3804	-7.1
Smelting and Pressing of Non-Ferrous Metal	5038	-3.0
Manufacture of Fabricated Metal Products	10390	4.7
Manufacture of General Purpose Machinery	13247	3.9
Manufacture of Special Purpose Machinery	12347	4.7
Manufacture of Automobile	13100	10.2
Manufacture of Railways, Shipbuilding, Aerospace and Other Transportation Equipment	2986	2.9
Manufacture of Electrical Machinery & Equipment	13347	6.0
Manufacture of Telecommunications Equipment, Computers and Other Electronic Equipment	12914	25.3
Production and Supply of Electricity ,Gas and Water	29794	0.8
Of which: Production and Supply of Electric Power and Heat Power	22055	-1.9
Construction	3648	-19.0
Transport, Storage and Post	61186	14.8
Of which: Railway Transportation	8006	-0.1
Road Transportation	40304	23.1
Management of Water Conservancy, Environment and Public Facilities	82105	21.2
Of which: Management on Water Resource	10021	16.4
Management on Public Facilities	68262	21.8
Education	11084	20.2
Health, Social Works	7327	18.1
Culture, Sports and Entertainment	8732	12.9
Public Management, Social Security and Social Organizations	7931	-2.0
Grouped by Registration Type
Domestic Funded	604550	7.7
Funds from Hong Kong, Macao and Taiwan	13562	-4.0
Foreign Investment	11322	-2.7
Grouped by Construction and New Projects
Total Investment in Construction Project	1311629	18.2
Total Planned Investment in New Projects	519093	6.2
Funds in Place for Investment (Exclude Rural Households)	629815	4.8
Of which: Government Budgetary Funds	38742	7.8
Domestic Loans	72149	9.0
Foreign Investment	2146	-3.1
Self-Raising Funds	408823	2.3
Other Funds	107955	11.6

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 December 2016 to December 2017 has been revised as follows:

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

2016-December	0.56
2017-January	0.54
February	0.57
March	0.59
April	0.58
May	0.57
June	0.60
July	0.58
August	0.57
September	0.55
October	0.54
November	0.52
December	0.53