Investment in Fixed Assets for the First Six Months of 2019
National Bureau of Statistics of China2019-07-17 11:06




In the first six months of 2019, the investment in fixed assets (excluding rural households) reached 29,910 billion yuan, up by 5.8 percent year-on-year, and the growth rate was 0.2 percentage point higher than that in the first five months. In June, the investment in fixed assets (excluding rural households) increased by 0.44 percent, month-on-month. Of which, the private investment in fixed assets reached 18,028.9 billion yuan, a year-on-year increase of 5.7 percent, and the growth rate increased by 0.4 percentage point from that in the first five months.

 

 

In term of different industries, the investment in primary industry was 843 billion yuan, went down by 0.6 percent year-on-year, and the pace of decline narrowed 1.7 percentage points than that in the first five months; that of secondary industry was 10,007 billion yuan, went up by 2.9 percent, while the growth rate decreased 0.3 percentage point from the first five months; that of tertiary industry was 19,060 billion yuan, increased by 7.4 percent, and the growth rate increased 0.3 percentage point.

 

In secondary industry, the investment in industry increased by 3.3 percent year-on-year, and the growth rate was 0.2 percentage point lower than that in the first five months. Of which, the investment in mining industry went up by 22.3 percent, while the growth rate decreased by 3.8 percentage points from the first five months; that of manufacture increased 3.0 percent, and the growth rate increased by 0.3 percentage point; that of production and supply of electric power, heat power, gas and water, decreased by 0.5 percent, while 0.8 percent increase in the first five months.

 

In tertiary industry, the investment in infrastructure (excluding electric power, heat power, gas and water) increased by 4.1 percent year-on-year, and the growth rate was 0.1 percentage point higher than that in the first five months. Of which, the investment in management of water conservancy increased 1.1 percent, while 1.8 percent decrease in the first five months; that of management of public facilities decreased by 0.3 percent, the pace of decline narrowed 0.5 percentage point; that of transport via road increased by 8.1 percent, and the growth rate increased by 1.9 percentage points; that of transport via railway increased by 14.1 percent, and the growth rate decreased by 1.0 percentage point.

 

In term of different areas, the investment in eastern region rose by 4.4 percent year-on-year, and the growth rate increased by 0.1 percentage point than the first five months; that of central region increased by 9.4 percent, and the growth rate increased by 0.1 percentage point; that of western region increased by 6.1 percent, an increase of 0.4 percentage point; that of northeastern region decreased by 3.6 percent, and the pace of decline narrowed 4.0 percentage points.

 

In term of types of registration, the investment by domestic enterprises went up by 6.0 percent year-on-year, and the growth rate was 0.2 percentage point higher than that in the first five months; investment by funds from Hong Kong, Macao and Taiwan went up by 1.1 percent, while the growth rate decreased by 0.9 percentage point; and the investment by foreign funds went up by 1.2 percent, and the growth rate decreased by 1.6 percentage points.

 

Investment in Fixed Assets for the First Six Months of 2019

 

 

Indicators

Jan-Jun

 

Increase rate Y/Y

(%)

 

 

 

 

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

5.8

 

  Of which: State-owned and State Holding

6.9

 

    Of which: Private Investment

5.7

 

Grouped by Constitution

 

 

  Construction and Installation

5.6

 

  Purchase of Equipment and Instruments

-1.9

 

  Other Expenses

13.0

 

Grouped by Types of Industry

 

 

 Primary Industry

-0.6

 

 Secondary Industry

2.9

 

 Tertiary Industry

7.4

 

Grouped by Industrial Sectors

 

 

 Agriculture, Forestry, Animal Husbandry and Fishery

-0.8

 

 Mining

22.3

 

 Manufacturing

3.0

 

Of which: Processing of Food from Agricultural Products

-7.4

 

Manufacture of Foods

0.4

 

           Manufacture of Textile

-0.3

 

Manufacture of Chemical Raw Material and Chemical Products

9.3

 

Manufacture of Medicines

8.4

 

      Smelting and Pressing of Non-Ferrous Metal

-3.4

 

Manufacture of Fabricated Metal Products

-5.2

 

      Manufacture of General Purpose Machinery

2.8

 

      Manufacture of Special Purpose Machinery

7.2

 

      Manufacture of Automobile

0.2

 

      Manufacture of Railways, Shipbuilding, Aerospace and Other Transportation Equipment

-10.5

 

      Manufacture of Electrical Machinery & Equipment

-8.1

 

      Manufacture of Telecommunications Equipment, Computers and Other Electronic Equipment

8.5

 

 Production and Supply of Electricity ,Gas and Water

-0.5

 

 Transport, Storage and Post

5.1

 

  Of which: Railway Transportation

14.1

 

      Road Transportation

8.1

 

 Management of Water Conservancy, Environment and Public Facilities

2.5

 

  Of which: Management on Water Resource

1.1

 

      Management on Public Facilities

-0.3

 

 Education

18.9

 

 Health, Social Works

2.7

 

 Culture, Sports and Entertainment

22.1

 

Grouped by Registration Type

 

 

 Domestic Funded

6.0

 

 Funds from Hong Kong, Macao and Taiwan

1.1

 

 Foreign Investment

1.2

 

 

 

 

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. 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 June 2018 to June 2019 has been revised as follows:

 

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

(Excluding Rural Households)

 

 

Growth Rate (%)

 

 

2018-June

0.44

July

0.44

August

0.45

September

0.46

October

0.46

November

0.45

December

0.42

2019-January

0.44

February

0.46

March

0.46

April

0.43

May

0.42

June

0.44

 

 

 

7.Explanation of Year-on-Year Growth

 

According to the results of statistical law enforcement inspection and the fourth national economic census unit inventory, the fixed assets investment base in 2018 was revised, and the growth rate was calculated on comparable basis.

 

 

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