Investment in Fixed Assets from January to February 2021
National Bureau of Statistics of China2021-03-16 10:00




From January to February, China's fixed asset investment (excluding rural households) was 4,523.6 billion yuan, a year-on-year increase of 35.0 percent; it was 3.5 percent higher than that from January to February in 2019, with an average growth rate of 1.7 percent in two years. Among them, private investment in fixed assets was 2,618.3 billion yuan, up 36.4 percent year on year. In terms of the month on month rate, investment in fixed assets (excluding rural households) increased by 2.43 percent in February.

 

 

By industry, the investment in the primary industry was 103.7 billion yuan, up 61.3 percent year on year; the investment in the secondary industry was 1,219 billion yuan, up 34.1 percent; the investment in the tertiary industry was 3,200.9 billion yuan, up 34.6 percent.

 

In the secondary industry, industrial investment increased by 34.1 percent year on year. Among them, investment in mining industry increased by 15.8 percent; investment in manufacturing industry increased by 37.3 percent; and investment in production and supply of electricity, heat, gas and water increased by 25.5 percent.

 

In the tertiary industry, infrastructure investment (excluding electricity, heat, gas and water production and supply) increased by 36.6 percent year-on-year. Among them, investment in water conservancy management increased by 47.2 percent; investment in public facilities management increased by 42.3 percent; investment in road transportation increased by 30.7 percent; and investment in railway transportation increased by 52.9 percent.

 

By region, the investment in the eastern region increased by 36.2 percent year on year, the investment in the central region increased by 49.4 percent, the investment in the western region increased by 36.5 percent, and the investment in the northeast region increased by 26.4 percent.

 

According to the types of registration, the investment of domestic enterprises increased by 34.8 percent, that of Hong Kong, Macao and Taiwan enterprises rose by 50.0 percent and that of foreign enterprises jumped by 22.9 percent.

 

Investment in Fixed Assets from January to February 2021


 

Indicators

Jan-Feb

 

Increase rate Y/Y

(%)

 

   

 

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

35.0

 

 Of which: State-owned and State Holding

32.9

 

Of which: Private Investment

36.4

 

Grouped by Constitution

 

 

Construction and Installation

45.9

 

Purchase of Equipment and Instruments

26.8

 

Other Expenses

13.2

 

Grouped by Types of Industry

 

 

 Primary Industry

61.3

 

 Secondary Industry

34.1

 

 Tertiary Industry

34.6

 

Grouped by Industrial Sectors

 

 

 Agriculture, Forestry, Animal Husbandry and Fishery

59.9

 

 Mining

15.8

 

 Manufacturing

37.3

 

Of which: Processing of Food from Agricultural Products

54.4

 

Manufacture of Foods

37.6

 

Manufacture of Textile

24.8

 

Manufacture of Chemical Raw Material and Chemical Products

63.2

 

Manufacture of Medicines

64.0

 

       Smelting and Pressing of Non-Ferrous Metal

28.8

 

Manufacture of Fabricated Metal Products

34.7

 

       Manufacture of General Purpose Machinery

34.2

 

       Manufacture of Special Purpose Machinery

60.2

 

       Manufacture of Automobile

16.1

 

       Manufacture of Railways, Shipbuilding, Aerospace and Other Transportation Equipment

40.1

 

Manufacture of Electrical Machinery & Equipment

38.5

 

Manufacture of Telecommunications Equipment, Computers and Other Electronic Equipment

41.6

 

 Production and Supply of Electricity ,Gas and Water

25.5

 

 Transport, Storage and Post

31.0

 

  Of which: Railway Transportation

52.9

 

Road Transportation

30.7

 

 Management of Water Conservancy, Environment and Public Facilities

42.2

 

  Of which: Management on Water Resource

47.2

 

Management on Public Facilities

42.3

 

 Education

53.0

 

 Health, Social Works

57.2

 

 Culture, Sports and Entertainment

34.3

 

Grouped by Registration Type

 

 

 Domestic Funded

34.8

 

 Funds from Hong Kong, Macao and Taiwan

50.0

 

 Foreign Investment

22.9

 

   

 

Note: The growth rate in this table are all nominal growth rate without deducting the price factor.

 

     

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 shareholders. 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 shareholders, 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 shareholding 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 estate 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 February 20 20 has been revised as follows:

 

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

(Excluding Rural Households)


 

Growth Rate (%)

   

2020-February

-20.86

March

4.51

April

4.03

May

3.63

June

3.21

July

2.84

August

2.52

September

2.25

October

2.10

November

2.07

December

2.12

2020-January

2.51

February

2.43

   

 

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 the previous year was revised, and the growth rate was calculated on comparable basis.

 

8. Description of Average Growth Rate in Two Years

 

The two-year average growth rate refers to the growth rate calculated by geometric average method based on the corresponding number of the same period in 2019.

 

Annex
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