F-Explanatory Notes on Main Statistical Indicators |
Total
Investment in Fixed Assets in the Whole Country Investment in fixed assets
is the essential means for social reproduction of fixed assets. By means of
construction and purchase of fixed assets, more advanced technologies and
equipment are adopted in the national economy, and new sectors are
established, which promote the adjustment of economic structure and the
regional distribution of productive forces and enhance the economic strengths
so as to provide the material conditions for improving peoples livelihood.
This is significant for speeding up the drive of socialist modernization in |
Amount of investment in
fixed assets refers to the volume of activities in construction and purchases
of fixed assets in monetary terms. It is a comprehensive indicator which
shows the size, pace, proportional relations and use orientation of the
investment in fixed assets. Total investment in fixed assets in the whole
country includes, by status of economic ownership, the investment by the
state-owned units, collective units, individuals, joint ownership units,
share-holding units, as well as investment by businessmen from foreign
countries and from |
Investment
in Capital Construction Capital construction refers to the new
construction projects or extension projects and the related work of the
enterprises, institutions or administrative units mainly for the purpose of
expanding production capacity or improving project efficiency covering only
projects each with a total investment of 500,000 RMB yuan and over. It
includes: (1) projects listed in the capital construction plan of the current
year of the central government and the local governments at various levels as
well as the projects, though not listed in the capital construction plan of
the current year, but continued to be constructed in this year, using the
investment listed in the plan of capital construction of previous years and
carried forward to this year (also using the equipment and materials kept in
stock of the capital construction); (2) new construction projects arranged
both in the plan of capital construction and the plan of innovation;
extension projects with the newly increased production capacity (or project
efficiency) up to the standard of a large and medium-sized project; and the
projects of moving the whole factory to a new site so as to improve the
distribution of productive forces; (3) new construction projects, extension
projects or restoration projects with the total investment of 500,000 RMB
yuan and over by the state-owned units, though listed neither in the plan of capital
construction nor in the plan of innovation; the projects in the state-owned
units of moving the whole factory to a new site so as to improve the
distribution of productive forces; and the projects of building additional
business houses by the administrative units and institutions and building
welfare facilities by the administrative units. |
Investment
in Innovation Innovation refers to the
renewal of fixed assets and technological innovation of the original
facilities by the enterprises and institutions as well as the corresponding
supplementary projects and the related work (excluding major overhaul and
maintenance projects) covering only projects each with a total investment of
500,000 RMB yuan and over. It includes: (1) projects listed in the innovation
plan of the current year of the central government and the local governments
at various levels as well as the projects, though not listed in the
innovation plan of the current year, but continued to be constructed in this
year, using the investment listed in the plan of innovation of previous years
and carried forward to this year; (2) projects of technological innovation or
renewal of the original facilities, arranged both in the plan of innovation
and in the plan of capital construction; extension projects (main workshops
or a branch of the factory) with the newly increased production capacity (or
project efficiency) not up to the standard of a large and medium-sized
project; and the projects of moving the whole factory to a new site so as to
meet the requirements of urban environmental protection or safe production;
(3) projects of reconstruction or technological innovation with the total
investment of 500,000 RMB yuan and over by the state-owned units, though
listed neither in the plan of capital construction nor in the plan of
innovation; the projects in the state-owned units of moving the whole factory
to a new site so as to meet the requirements of urban environmental
protection or safe production. |
Investment
in Real Estate Development It includes the investment by the real estate
development companies, commercial buildings construction companies and other
real estate development units of various types of ownership in the
construction of house buildings, such as residential buildings, factory buildings,
warehouses, hotels, guesthouses, holiday villages, office buildings, and the
complementary service facilities and land development projects, such as
roads, water supply, water drainage, power supply, heating,
telecommunications, land leveling and other projects of infrastructure. It
excludes the activities in simple land transactions. |
Other
Investment in Fixed Assets refers to the
construction and purchases of fixed assets not listed in the investment in
capital construction, investment in innovation and investment in real estate
development. It includes: |
A) The following projects
of the state-owned units with the total planned (or actually needed)
investment of 500,000 yuan and over, which are not included in the plan of
capital construction and the plan of innovation: (1) projects of oil fields
maintenance and exploitation with the oil fields maintenance funds and
petroleum development funds; (2) opening and extending projects with the
maintenance funds in coal, ore and other mining enterprises and logging
enterprises; (3) project of reconstruction of the original highways and
bridges with the highway maintenance funds in the department of
communication; (4) projects of construction of warehouses with the funds of
simple construction in the commercial department. |
B) The investment in fixed
assets by urban collective units: refer to projects of construction and
purchases of fixed assets with the planned total investment of 500,000 yuan
and over by all collective units in cities and county towns and in townships
which are approved by the State Council or provincial governments, excluding
investment by collective units under township enterprise administration
offices. |
C) The projects of
construction and purchases of fixed assets by the enterprises, institutions
or individuals other than those mentioned above with total investment of
500,000 yuan and over, which are not included in the plan of capital
construction and the plan of innovation. |
Private
Investment in House Construction in Urban Areas, Industrial and Mining Areas
and Individual Investment in Rural Areas The private house
construction in the urban areas and industrial and mining areas includes all
the private house construction under the jurisdiction of cities, counties,
towns and industrial and mining areas, no matter whether the owner of the
house is registered as the permanent resident in the locality or not. The
individual investment in the rural areas includes the investment in house
construction and purchase of productive fixed assets by the individuals in
the rural areas. |
Sources
of Funds for Investment in |
(1)State budgetary
appropriation refers to appropriation in the budget of the central and local
governments earmarked for capital construction and for innovation projects,
and the special appropriation from the budget of the central government for
capital construction and for the transfer fund to banks to be issued as loans
for capital construction projects. |
(2)Domestic loans refer to
various funds borrowed by enterprises and institutions from banks and
non-bank financial institutions during the reference period for the purpose
of investment in fixed assets, including loans issued by banks from their
self-owned funds and deposit, loans appropriated by higher responsible
authorities, special loans by government (including loan for replacing
petroleum with coal, special loan for reform-through-labour coal mines),
loans arranged by local government from special funds, domestic reserve loan,
and working loan, etc.. |
(3) Foreign Investment
refers to foreign funds received during the reference period for the purpose
of investment in fixed assets, including foreign funds borrowed and managed
by the government, by individual units, foreign fund in joint venture
program, and issue of bonds and stocks at the international financial
markets. The foreign funds borrowed and managed by the government refer to
foreign loans borrowed by the government from foreign governments,
organizations, or financial institutions under official agreements signed by
both parties, under which government is responsible for the repayment of both
the principal and interests of the foreign loans. |
(4)Self-raised funds refer
to funds received by construction enterprises from their higher responsible
authorities, local governments, or raised by enterprises or institutions
themselves for the purpose of investment in fixed assets during the reference
period. |
(5) Others refer to funds
received during the reference period which are not included in the
above-mentioned sources. |
Investment
in Fixed Assets by Sector The classification
of construction projects by sector is determined by the major products or the
purpose of the projects when they are put into production or use, and by the
nature of their social economic activities. The investment in capital
construction is classified by construction projects, while investment in
innovation, other investment by state-owned units and urban collective units
are classified according to the sector which the whole enterprise or
institution belongs to. In general, one project or one enterprise or
institution can only belong to one sector. In order to reflect more
accurately the proportions among various sectors, the branch factories of
integrated complex are classified into different sectors according to their
economic activities. |
Investment
in Fixed Assets by Type of Construction The construction
projects in general can be classified by the type of construction into new
construction, expansion, reconstruction and moving away. In capital
construction, the type of construction is determined by the condition of the
project. In investment in innovation, in other investment by state-owned
units and investment by collective-owned units, the type of construction is
determined by the condition of the whole enterprise or institutions.
Investment by type of construction is not applied to investment by
real-estate development units, investment in rural areas and investment in
housing by urban individuals. |
New construction in
general refers to newly constructed units. In the case in which the value of
the original fixed assets is quite small, and the value of newly added fixed
assets exceeds the original ones by three times, the expansion construction
is considered as new construction. |
(2)Expansion refers to
construction of new major production workshop or independent production line
within a factory or in other locations, or construction of a branch factory
so as to increase the production capacity of the original products. Newly
constructed business houses in institutions and administrative organizations
(such as the newly constructed teaching buildings in schools, clinics or bed
building in hospitals, and office buildings in administrative agencies, etc.)
are also classified as expansion.
|
(3) Reconstruction refers
to technical innovation and transformation of the existing equipment and technical
conditions undertaken by enterprises and institutions for the purposes of
technological advancement, improvement in product quality, enlarging variety
of products, promoting new generation of products, reducing production
consumption and cost, promoting comprehensive utilization of resources,
strengthening treatment of waste gas, waste water and solid wastes, and
safety in production, etc. through application of new technologies and
techniques, use of new equipment and new materials (including accessory
facilities for production or for living and welfare purposes).Construction of
new workshops for improving existing production capacity rather than increasing production capacity is also
considered as reconstruction. |
Investment
in Fixed Assets by Structure refers to the three
major parts of investment activities, i.e. construction and installation,
purchase of equipment and instrument, and other expenses. |
(1) Construction and
installation (work volume of construction and installation) refers to the
construction of various houses and buildings and installation of various
kinds of equipment and instruments, including construction of various houses,
equipment foundations and industrial kilns and stoves, preparation works for
project construction, and clearing up works post project construction,
pavement of railways and roads, drilling of mines and putting up of oil
pipes, construction of projects of water conservancy, construction of
underground air-raid shelters and construction of other special projects,
installation of various machinery equipment, testing operation for
pre-testing the quality of installation projects. The value of equipment
installed is not included in the value of installation projects. |
(2)Purchase of equipment
and instruments refers to the total value of equipment, tools, and
vessels purchased or self-produced which come up to standards for fixed
assets. Equipment, tools and vessels purchased or self-produced for new
workshops by newly established or expanded units are categorized as purchase
of equipment and instruments no matter whether they come up to the standards
for fixed assets or not. |
(3)Other expenses refer to
expenses occurring during the construction or purchase of fixed assets other
than construction, installation or purchase of equipment and instruments. |
Capital
Construction Projects by Size The classification
of size of capital construction projects should be determined according to
the total scale or total investment set in the approved construction plan by
higher responsible authorities or in the tentative design, otherwise
according to the total scale or total investment set in the current capital
construction plan of the state, provinces, autonomous regions, and
municipalities directly under central government. Industrial projects which
produce unitary products are classified according to its design capacity of
products; projects which produce multi-products are classified by the design
capacity of the major product or by the total planned investment. Standards
for the Classification of Construction Projects into large, medium-sized and
small ones issued by the government are the base for size division of
construction projects, which was revised five times in 1958, 1962, 1972,1977, and 1979 respectively and therefore, data on
projects by size are not entirely comparable from year to year. |
Projects
Under Construction refer
to projects having construction and installation activities undertaken in the
reference period, including projects started in the reference period, or
continued from the previous period, or completed and put into production or
suspended in the reference period. |
Projects
Completed and Put into Use Industrial projects refer to the major
projects and accessory facilities completed which result in forming
production capacity and have been checked and accepted while the living and
welfare facilities have been completed and can ensure normal production and
formally put into production. Non-industrial projects refer to the major
projects and accessory facilities completed which possess the designed
capacity and have been checked, accepted and formally put into production. |
Newly
Increased Production Capacity refers to the
increase of designed capacity and project efficiency through investment in fixed
assets, which reflects the accomplishment of investment in fixed assets in
kind. The calculation of newly increased production capacity is based on
individual project which operates independently and efficiently. When an
individual project is completed and checked and accepted and put into
production, it is counted as newly increased production capacity. |
The newly increased
production capacity and project efficiency are usually expressed in one of
the following forms: |
(1)annual production
capacity, such as extraction of coal and petroleum; |
(2)raw material processing
capacity, such as ore dressing capacity of ore dressing projects, the
dressing capacity of a coal washery; |
(3)number or capacity of
major equipment increased, such as the number of cotton spindles increased
and the capacity of generating sets increased; |
(4)physical
measures of construction, such as volume, capacity, area, and length, for
instance, the capacity of reservoirs, the length of railways or highways. |
Newly increased production
capacity in terms of quantity is calculated in designed capacity in general, which
refers to the production capacity of a project under normal conditions
designed in construction documents regardless of the actual output. |
Floor
Space of Buildings Under Construction and Completed
refers to total floor space in each story of buildings
calculated from the outside line of building walls, including both usable
space and the space occupied by constructions like pillars or walls. The
floor space of multi-story buildings includes the total floor space of each
story (including basement). |
Floor
Space of Residential Buildings refers to the floor
space of the residential buildings under construction and completed among the
total space of buildings under construction and completed. |
Floor
Space Under Construction
refers to total floor space of all buildings under construction during
the reference period, including floor space of newly started buildings during
the reference period, floor space of construction extended from the previous
period to the current period, floor space of construction suspended during
the previous period and resumed in the current period, floor space of
construction completed in the current period, and floor space of construction
started and then suspended in the current period. |
Floor
Space of Buildings Completed refers to the floor
space of buildings completed in the reference period, which have come up to
the designed standards and have been put into use. |
Completion
Rate of Floor Space of Buildings refers to the ratio
of the floor space of buildings completed in certain period of time to the
floor space of buildings under construction in the same period, which
reflects the investment result and economic efficiency of the construction
industry from the angle of the speed of project construction. |
Newly
Increased Fixed Assets refer to the newly
increased value of fixed assets through investment, including the value of
projects completed and put into production, the value of equipment, tools, and
vessels considered as fixed assets, as well as the relevant expenses as
investment in fixed assets. This is a comprehensive indicator of investment
in fixed assets, reflecting the achievements of investment in fixed assets in
different periods, different sectors, and different regions. |
Rate
of Construction Projects Completed and Put into Use refers to the ratio
of the number of construction projects completed and put into use in certain
period of time to the number of projects under construction in the same
period. This reflects the investment efficiency from the angle of the speed
of projects construction. |
Rate of Projects of Fixed
Assets Completed and Put into Operation refers to the ratio
of the newly increased fixed assets to the total investment made in the same
period. This is a comprehensive indicator, reflecting the speed of the
employment of fixed assets and the investment efficiency. |