Sheng Laiyun

Spokesman

National Bureau of Statistics of China

11 May 2011

 

1. The industrial production kept steady growth.

In April, the total value added of the industrial enterprises above designated size was up 13.4 percent year-on-year, or 1.4 percentage points lower than that in March 2011. In the first four months of this year, it was up by 14.2 percent year-on-year, which was 0.2 percentage point lower than that in the first three months of the year. In April, the month-on-month growth was 0.93 percent.  

Analysis on different types of enterprises showed that in April, the year-on-year growth of the state-owned and state holding enterprises went up by 10.4 percent; collective enterprises, 8.1 percent; share-holding enterprises, 15.4 percent; and 9.7 percent growth for enterprises funded by foreign investors or investors from Hong Kong, Macao and Taiwan province. The year-on-year growth of heavy industry was 14.0 percent, and 11.9 percent for the light industry.

Grouped by different sectors, in April all the 39 industrial divisions kept year-on-year growth. Of this total, the growth of textile industry was 5.9 percent; the manufacture of raw chemical materials and chemical products, up by 13.9 percent; the manufacture of non-metallic mineral products, up by 18.1 percent; the manufacture of general machinery, 19.9 percent; the manufacture of transport equipment, 9.7 percent; the manufacture of electric machinery and equipment, 14.3 percent; the manufacture of communication equipment, computers and other electronic equipment, 14.6 percent; the production and supply of electric power and heat power, up 11.7 percent; and the ferrous metal smelting and pressing, up by 8.5 percent.

In terms of different products, of the total 468 products, in April the output of 390 products showed a year-on-year growth. Of this total, the output of crude oil was 16.96 million tons, up by 4.4 percent; that of electricity was 366.4 billion kilowatt-hours, up by 11.7 percent; that of pig iron was 59.03 million tons, up by 7.1 percent; that of cement was 185.56 million tons, up by 22.4 percent; that of motor vehicles was 1.57 million, down by 1.6 percent, of which, the output of cars was 813 thousand, up by 0.7 percent.

The sales ratio of industrial products in April was 98.4 percent, maintaining the same level over that in April 2010. The total export delivery value of industrial enterprises was 830.0 billion yuan, up by 20.1 percent year-on-year.

 

 

2. Investment in fixed assets kept fast growth.

In the first four months of 2011, the investment in fixed assets (excluding rural households) reached 6,271.6 billion yuan, up by 25.4 percent year-on-year, it was 0.4 percentage point higher than that in the first three months of this year. Of this total, that in the state-owned and state holding enterprises reached 2,203.7 billion yuan, a rise of 16.6 percent. The month-on-month growth was 3.08 percent in April.

Grouped by jurisdiction of project management, in the first four months of this year, the central investment reached 412.3 billion yuan, the year-on-year growth was 2.6 percent while the local investment was 5,859.3 billion yuan, up by 27.4 percent. Grouped by status of registration, in the first four months of this year, the investment by domestic enterprises was 5,802.8 billion yuan, up by 26.4 percent; investment by funds from Hong Kong, Macao and Taiwan was 218.0 billion yuan, up by 24.5 percent; and the investment by foreign funds was 228.5 billion yuan, up by 13.8 percent.

In the first four months of this year, the investment in primary industry, secondary industry and the tertiary industry went up by 12.6 percent, 24.6 percent and 26.5 percent respectively. Grouped by different sectors, in the first four months of this year, the investment in production and supply of electric power and heat power was 228.7 billion yuan, up by 4.2 percent; that in extraction of petroleum and natural gas 49.1 billion yuan, up 8.3 percent; and that in railway transport 141.5 billion yuan, up 26.9 percent.

Analysis on projects under construction or started this year showed that in the first four months of this year, the total planned investment in projects under construction reached 38,509.6 billion yuan, up by 19.1 percent year-on-year; the total planned investment in newly started projects was 5,338.9 billion yuan, down by 1.1 percent over the same period of last year.

In terms of funds in place for investment, in the first four months of this year, 8,637.7billion yuan had been invested, a year-on-year growth of 20.6 percent. Of this total, the growth of government budgetary funds went up by 7.8 percent; investment from domestic loans went up by 10.9 percent; that from self-raising funds went up by 27.2 percent and that from foreign investment rose by 14.9 percent.

 

3. Investment in real estate development increased rapidly.

In the first four months of 2011, the investment in real estate development was 1,334.0 billion yuan, a year-on-year growth of 34.3 percent. Of this total, the investment in residential buildings reached 949.7 billion yuan, up by 38.6 percent.

In the first four months, floor space of houses under construction reached 3,524.72 million square meters, up by 33.2 year-on year; floor space of houses newly started was 568.41 million square meters, up by 24.4 percent; floor space of houses completed was 171.27 million square meters, up by 14.0 percent, of which, that of residential buildings reached 136.85 million square meters, up by 13.8 percent.

The sales of floor space of commercial buildings in the first four months of 2011 reached 248.98 million square meters, a year-on-year growth of 6.3 percent. Of this total, the growth of residential buildings went up by 5.8 percent; office buildings, up by 4.4 percent; buildings for commercial business, rose by 7.7 percent. In the first four months, the sales of commercial buildings stood at 1,407.8 billion yuan, up by 13.3 percent year-on-year. Of this total, the sales of residential buildings went up by 11.0 percent; that of office buildings grew by 23.8 percent and that of buildings for commercial business rose by 26.6 percent.

In the first four months of the year, the sources of funds for real estate development enterprises from current year reached 2,536.2 billion yuan, up by 17.4 percent year-on-year. Of this total, capital from domestic loans was 480.0 billion yuan, up by 5.4 percent; that from foreign investment stood at 22.2 billion, up by 62.3 percent; that from self-raising funds was 948.6 billion yuan, up by 27.2 percent and that from other sources was 1,085.3 billion yuan, up by 14.8 percent. In other sources of funds, down payment and prepayment reached 644.9 billion yuan, up by 23.1 percent and individual mortgage was 275.3 billion yuan, down by 6.8 percent.

In April, the national real estate development industry boom index was 103.19.

 

4. Total retail sales of consumer goods kept steady grow.

In April, the total retail sales of consumer goods reached 1,364.9 billion yuan, a year-on-year rise of 17.1 percent, or 0.3 percentage point lower than that in March this year. Of this total, the retail sales of the enterprises (units) above designated size stood at 641.8 billion yuan, up by 23.4 percent. In the first four months of this year, the total retail sales of consumer goods reached 5,657.1 billion yuan, a year-on-year growth of 16.5 percent, or it was 0.2 percentage point higher than that in the first three months of this year. The month-on-month growth in April was 1.35 percent.

Analyzed by different areas, the retail sales in urban areas reached 1,184.6 billion yuan in April, up by 17.3 percent, and the retail sales in rural areas stood at 180.3 billion yuan, up by 16.3 percent.

Grouped by consumption patterns, the total income of catering services was 149.7 billion yuan in April, up by 16.7 percent year-on-year, and that of retail goods was 1,215.2 billion yuan, up 17.2 percent. Of this total, the total retail sales of enterprises (units) above designated size stood at 595.4 billion yuan, up 23.8 percent.

 

5. The year-on-year growth of consumer prices dropped to some extent.

In April, the consumer price index went up by 5.3 percent year-on-year, which was 0.1 percentage point lower than that in March 2011. The price grew by 5.2 percent in cities and 5.8 percent in rural areas. The food price went up by 11.5 percent while the non-food price increased by 2.7 percent. The prices of consumer goods went up by 5.9 percent and the prices of services grew up by 3.9 percent. Grouped by commodity categories, prices for food went up by 11.5 percent; prices for tobacco, liquor and articles rose by 2.4 percent; price for clothing went up by 1.4 percent; prices for household facilities, articles and maintenance services went up by 2.1 percent; health care and personal articles grew by 3.2 percent; transportation and communication rose by 0.5 percent, recreation, education, culture articles and services grew by 0.5 percent; housing went up by 6.1 percent; and. In the first four months, the year-on-year change of consumer price was up by 5.1 percent.

In April, the month-on-month change of consumer price was up by 0.1 percent. Of which, price in cities went up by 0.2 percent and that in rural areas rose by 0.1 percent. The food price dropped by 0.4 percent while the non-food price grew by 0.4 percent. The price of consumer goods rose by 0.1 percent, and the price of services went up by 0.3 percent. Grouped by commodity categories, prices for food dropped by 0.4 percent month-on-month, of which, that for fresh vegetables down by 11.2 percent; prices for tobacco, liquor and articles rose by 0.3 percent; prices for clothing went up by 0.6 percent; prices for household facilities, articles and maintenance services went up by 0.2 percent; health care and personal articles grew by 0.3 percent; transportation and communication rose by 0.4 percent; recreation, education, culture articles and services went up by 0.4 percent and housing went up by 0.4 percent.

 

6. The year-on-year growth of industrial producer prices dropped.

In April, the producer prices for industrial products went up by 6.8 percent year-on-year, or 0.5 percentage point lower than that in the previous month of this year. Grouped by commodity categories, the producer prices for means of production went up by 7.5 percent year-on-year, of which that for mining and quarrying industry grew by 17.4 percent, raw materials industry went up by 9.9 percent and processing industry increased by 5.5 percent. The producer prices for means of livelihood increased by 4.6 percent, of which, the food prices grew by 8.4 percent, clothing went up by 4.5 percent, articles for daily use grew by 4.4 percent and durable consumer goods dropped by 0.6 percent. In April, the month-on-month change of the producer prices for industrial products went up by 0.5 percent. In the first four months of this year, the year-on-year change of the producer prices for industrial products was up by 7.0 percent.

In April, the purchasing prices for industrial producers went up by 10.4 percent year-on-year, of which, the prices for nonferrous metals and wire went up by 13.2 percent, fuel and power rose by 11.6 percent, 11.7 percent growth for raw chemical materials and 10.9 percent increase for ferrous metals. In April, the month-on-month change of the purchasing prices for industrial producers went up by 1.0 percent. In the first four months of 2011, the purchasing prices for industrial producers grew up by 10.3 percent year-on-year.

 

  

Notes:

 

1. Approved by the State Council, the seasonally adjusted month-on-month indicators of the following four will be released by the National Bureau of Statistics from April 2011, that is, the gross domestic product (GDP), value added of industrial enterprises above designated size, investment in fixed assets (excluding rural households), and total retails of consumer goods.

According to the auto-revision function of the seasonal adjustment model, the month-on-month changes of the value added of industrial enterprises above designated size, investment in fixed assets (excluding rural households), and total retails of consumer goods in February and March have been revised. The revised figures and figures for April are as follows:

 

	Value Added of Industrial Enterprises above Designated Size  (%)	Investment in Fixed  Assets (%)	Total Retails of Consumer Goods (%)
February	0.95	1.66	1.27
March	1.15	2.09	1.31
April	0.93	3.08	1.35

 

2. Approved by the State Council, the National Bureau of Statistics raised the cut-off size of industrial and fixed assets investment statistics from January 2011. The cut-off size of industrial enterprises changed from an annual revenue from principal business above 5 million yuan to 20 million yuan; and the cut-off size of fixed assets investment projects rose from a total planned investment above 500 thousand yuan to 5 million yuan. According to estimation, with the new coverage, the data collected on the total volume, structure and growth rates of industrial enterprises and investment in fixed assets showed a similar trend as compared with those under the former coverage.   

3. The National Bureau of Statistics improved the monthly statistical system of fixed assets investment, expanding the coverage of the monthly statistics from urban areas to rural enterprises and institutions, and defined it as the investment in fixed assets (excluding rural households). This makes the monthly data more complete and the definition more accurate.

4. From 2011, data on the retail sales of the enterprises (units) above designated size will be released. The retail sales of the enterprises (units) above designated size refer to the wholesale enterprises (units) with the revenue from principal business above 20 million yuan, the retail enterprises (units) with the revenue from principal business above 5 million yuan, and the lodging and catering enterprises (units) with the revenue from principal business above 2 million yuan.

5. In accordance with the data of national survey of urban and rural household consumption expenditure in 2010 and data of other surveys conducted by relevant departments, the National Bureau of Statistics made a routine adjustment of the weights of CPI from January 2011. By using the new weights, the consumer price index in April went up by 5.344 percent year-on-year, or 0.138 percent month-on-month, while it was up 5.398 percent year-on-year, or 0.132 percent month-on-month if the former weights were used.

6. From January 2011, the National Bureau of Statistics began to implement the new survey system of producer prices for industrial products. Statistics of the producer prices for manufactured goods changed to statistics of producer prices for industrial products, and accordingly the producer prices for manufactured goods and the purchasing prices for raw materials, fuel and power changed to the producer price indexes for industrial products and the purchasers’ price indexes for industrial products.

7. The growth rate of value added of industrial enterprises above designated size and its sub-items are real growth by using comparable prices. The growth rate of investment in fixed assets (excluding rural households), investment in real estate development and total retails of consumer goods are nominal growth by using current prices.