Investment in Fixed Assets for the First Two Months of 2018
National Bureau of Statistics of China2018-03-16 11:08




In the first two months of 2018, the investment in fixed assets (excluding rural households) reached 4,462.6 billion yuan, up by 7.9 percent year-on-year, and the growth rate was 0.7 percentage points higher than that in 2017. In February, the investment in fixed assets (excluding rural households) increased 0.61 percent, month-on-month. Of which, the private investment in fixed assets reached 2,698.8 billion yuan, a year-on-year increase of 8.1 percent.

 

 

In term of different industries, the investment in primary industry was 113.2 billion yuan, went up by 16.0 percent year-on-year, and the growth rate was 16.0 percentage points higher than that in 2017; that of secondary industry was 1,485.0 billion yuan, went up by 2.4 percent, and a decrease of 0.8 percentage points; that of tertiary industry was 2,864.4 billion yuan, increased 10.2 percent, and an increase of 0.7 percentage points.

 

In secondary industry, the investment in industry increased 2.4 percent year-on-year, and the growth rate was 1.2 percentage points lower than that in 2017. Of which, the investment in mining industry went down by 13.0 percent, and the pace of decline extended by 3.0 percentage points; that of manufacture increased 4.3 percent, and the growth rate decreased 0.5 percentage points; that of production and supply of electric power, heat power, gas and water, decreased 6.1 percent, while that in 2017 was up by 0.8 percent.

 

In tertiary industry, the investment in infrastructure (excluding electric power, heat power, gas and water) increased 16.1 percent year-on-year, and the growth rate was 2.9 percentage points lower than that in 2017. Of which, the investment in management of water conservancy increased 12.9 percent, down by 3.5 percentage points; that of management of public facilities increased 15.6 percent, down by 6.2 percentage points; that of transport via road increased 19.1 percent, down by 4.0 percentage points; that of transport via railway increased 3.4 percent, while that in the 2017 was down by 0.1 percent.

 

In term of different areas, the investment in eastern region rose by 5.7 percent year-on-year, and the growth rate was 2.9 percentage points lower than that in 2017; that of central region increased 10.7 percent, an increase of 3.8 percentage points; that of western region increased 11.1 percent, an increase of 2.6 percentage points; that of northeastern region increased 8.1 percent, an increase of 5.3 percentage points.

 

In term of types of registration, the investment by domestic enterprises went up by 8.7 percent year-on-year, and the growth rate was 1.0 percentage point higher than that in 2017; investment by funds from Hong Kong, Macao and Taiwan went down by 3.6 percent, and the pace of decline narrowed by 0.4 percentage points; and the investment by foreign funds went down by 3.1 percent, and the pace of decline extended by 0.4 percentage points.

 

Investment in Fixed Assets for the First Two Months of 2018

 

 

Indicators

Jan-Feb

 

Increase rate Y/Y

(%)

 

 

 

 

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

7.9

 

  Of which: State-owned and State Holding

9.2

 

    Of which: Private Investment

8.1

 

Grouped by Constitution

 

 

  Construction and Installation

7.0

 

  Purchase of Equipment and Instruments

2.3

 

  Other Expenses

19.6

 

Grouped by Types of Industry

 

 

 Primary Industry

27.8

 

 Secondary Industry

2.4

 

 Tertiary Industry

10.2

 

Grouped by Industrial Sectors

 

 

 Agriculture, Forestry, Animal Husbandry and Fishery

25.3

 

 Mining

-13.0

 

 Manufacturing

4.3

 

Of which: Processing of Food from Agricultural Products

6.2

 

Manufacture of Foods

4.1

 

           Manufacture of Textile

12.0

 

Manufacture of Chemical Raw Material and Chemical Products

1.2

 

Manufacture of Medicines

-13.4

 

      Smelting and Pressing of Non-Ferrous Metal

-4.2

 

Manufacture of Fabricated Metal Products

7.7

 

      Manufacture of General Purpose Machinery

0.1

 

      Manufacture of Special Purpose Machinery

-6.1

 

      Manufacture of Automobile

-2.7

 

      Manufacture of Railways, Shipbuilding, Aerospace and Other Transportation Equipment

11.9

 

      Manufacture of Electrical Machinery & Equipment

3.1

 

      Manufacture of Telecommunications Equipment, Computers and Other Electronic Equipment

21.0

 

 Production and Supply of Electricity ,Gas and Water

-6.1

 

 Transport, Storage and Post

13.4

 

  Of which: Railway Transportation

3.4

 

      Road Transportation

19.1

 

 Management of Water Conservancy, Environment and Public Facilities

16.1

 

  Of which: Management on Water Resource

12.9

 

      Management on Public Facilities

15.6

 

 Education

25.8

 

 Health, Social Works

27.2

 

 Culture, Sports and Entertainment

32.7

 

Grouped by Registration Type

 

 

 Domestic Funded

8.7

 

 Funds from Hong Kong, Macao and Taiwan

-3.6

 

 Foreign Investment

-3.1

 

 

 

 

Note: The growth rate in this table are all nominal growth rate.

       

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.

 

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

 

NBS performed the industrial classification for national economic activities (GB/T 4754-2017). 

 

6. Calculation on Growth Rate

 

The growth rate of investment on fixed assets is nominal growth rate, due to the investment in fixed assets price index was calculated on quarterly, in addition to the January-March, January-June January-September, and January-December was calculated on computable real growth rate, the other months only calculated the nominal growth rate.

 

7. 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 February 2017 to February 2018 has been revised as follows:

 

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

(Excluding Rural Households)

 

 

Growth Rate (%)

 

 

2017-February

0.62

March

0.63

April

0.63

May

0.62

June

0.64

July

0.62

August

0.60

September

0.59

October

0.58

November

0.57

December

0.57

2018-January

0.58

February

0.61

 

 

 

 

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