Sheng Laiyun

Spokesman

National Bureau of Statistics of China

14 June 2011

1. Industrial production achieved a steady growth.

In May, the total value added of the industrial enterprises above designated size was up by 13.3 percent year-on-year, or 0.1 percentage point lower than that in April 2011. In the first five months of this year, it was up by 14.0 percent year-on-year, which was 0.2 percentage point lower than that in the first four months of the year. In May, the month-on-month growth was 1.03 percent.  

Analysis on different types of enterprises showed that in May, the year-on-year growth of the state-owned and state holding enterprises went up by 8.9 percent; collective enterprises, 9.5 percent; share-holding enterprises, 15.2 percent; and 9.5 percent growth for enterprises funded by foreign investors or investors from Hong Kong, Macao and Taiwan province. The year-on-year growth of heavy industries was 13.5 percent, and 12.9 percent for the light industries.

Grouped by different sectors, in May all the 39 industrial divisions made a year-on-year growth. The growth of textile industry was 7.0 percent; the manufacturing of raw chemical materials and chemical products, up by 13.0 percent; the manufacturing of non-metallic mineral products, up by 18.5 percent; the manufacturing of general machinery, 18.9 percent; the manufacturing of transport equipment, 7.8 percent; the manufacturing of electric machinery and equipment, 14.2 percent; the manufacturing of communication equipment, computers and other electronic equipment, 11.4 percent; the production and supply of electric power and heat power, up 10.9 percent; and the ferrous metal smelting and pressing, up by 9.0 percent.

In terms of different products in May, out of the total 468 products, the output of 378 products showed a year-on-year growth. The output of crude oil was 17.43 million tons in May, up by 1.4 percent; electricity 377.5 billion kilowatt-hours, up by 12.1 percent; pig iron 60.25 million tons, up by 7.8 percent; cement 196.28 million tons, up by 19.2 percent; and motor vehicles 1.43 million, down by 1.9 percent, of which, the output of cars was 760 thousand, up by 3.3 percent.

The sales ratio of industrial products in May was 98.1 percent, or 0.4 percentage point higher than that in the same period of last year. The total export delivery value of industrial enterprises was 850.0 billion yuan, up by 14.9 percent year-on-year. 

2. Investment in fixed assets kept fast growth.

In the first five months of 2011, the investment in fixed assets (excluding the investment by rural households) reached 9,025.5 billion yuan, up by 25.8 percent year-on-year, which was 0.4 percentage point higher than that in the first four months of this year. Of this total, that in the state-owned and state holding enterprises reached 3,149.7 billion yuan, a rise of 14.9 percent. The month-on-month growth was 1.02 percent in May.

Grouped by jurisdiction of project management, in the first five months of this year, the central investment reached 567.0 billion yuan, and the year-on-year growth was 0.3 percent while the local investment was 8,458.4 billion yuan, up by 28.0 percent. Grouped by status of registration, in the first five months of this year, the investment by domestic enterprises was 8,370.0 billion yuan, up by 26.7 percent; investment by funds from Hong Kong, Macao and Taiwan was 305.3 billion yuan, up by 25.6 percent; and the investment by foreign funds was 314.1 billion yuan, up by 15.7 percent.

In the first five months of this year, the investment in primary industry, secondary industry and the tertiary industry went up by 15.6 percent, 26.3 percent and 25.9 percent respectively. Grouped by different sectors, in the first five months of this year, the investment in production and supply of electric power and heat power was 334.8 billion yuan, up by 5.0 percent; extraction of petroleum and natural gas 72.8 billion yuan, up 2.2 percent; and railway transport 184.6 billion yuan, up 18.3 percent.

Analysis on projects under construction or started this year showed that in the first five months of this year, the total planned investment in projects under construction reached 42,276.0 billion yuan, up by 16.5 percent year-on-year; and the total planned investment in newly started projects was 7,900.5 billion yuan, up by 6.3 percent over the same period of last year.

In terms of funds in place for investment, in the first five months of this year, 11,693.1 billion yuan had been invested, a year-on-year growth of 21.3 percent. Of this total, the growth of government budgetary funds went up by 10.9 percent; investment from domestic loans went up by 10.9 percent; that from self-raising funds went up by 27.8 percent and that from foreign investment rose by 12.5 percent. 

3. Investment in real estate development increased rapidly.

In the first five months of 2011, the investment in real estate development was 1,873.7 billion yuan, a year-on-year growth of 34.6 percent. Of this total, the investment in residential buildings reached 1,329.0 billion yuan, up by 37.8 percent.

In the first five months, floor space of houses under construction reached 3,775.16 million square meters, up by 32.4 percent year-on-year; floor space of houses newly started was 761.18 million square meters, up by 23.8 percent; floor space of houses completed was 216.21 million square meters, up by 12.9 percent, of which the residential buildings reached 172.38 million square meters, up by 12.7 percent.

The sales of floor space of commercial buildings in the first five months of 2011 reached 329.32 million square meters, a year-on-year growth of 9.1 percent. Of this total, the growth of residential buildings went up by 8.5 percent; office buildings, up by 3.5 percent; and buildings for commercial business, rose by 13.4 percent. In the first five months, the sales of commercial buildings stood at 1,862.0 billion yuan, up by 18.1 percent year-on-year. Of this total, the sales of residential buildings went up by 16.0 percent; that of office buildings grew by 26.5 percent and that of buildings for commercial business rose by 31.6 percent.

In the first five months of the year, the sources of funds for real estate development enterprises from current year reached 3,234.0 billion yuan, up by 18.5 percent year-on-year. Of this total, domestic loans was 580.3 billion yuan, up by 4.6 percent; foreign investment 26.6 billion yuan, up by 57.3 percent; self-raising funds 1,248.6 billion yuan, up by 30.9 percent and other sources 1,378.5 billion yuan, up by 14.6 percent. In other sources of funds, down payment and prepayment reached 825.9 billion yuan, up by 23.3 percent and individual mortgage was 344.3 billion yuan, down by 8 percent.

In May, the national real estate development industry boom index was 103.20. 

4. Retail sales of consumer goods kept steady grow.

In May, the total retail sales of consumer goods reached 1,469.7 billion yuan, a year-on-year rise of 16.9 percent, or 0.2 percentage point lower than that in April this year. Of this total, the retail sales made by the enterprises (units) above designated size stood at 678.7 billion yuan, up by 22.7 percent. In the first five months of this year, the total retail sales of consumer goods reached 7,126.8 billion yuan, a year-on-year growth of 16.6 percent, or 0.1 percentage point higher than that in the first four months of this year. The month-on-month growth in May was 1.28 percent.

Analyzed by different areas, the retail sales in urban areas reached 1,277.2 billion yuan in May, up by 17.0 percent year-on-year, and the retail sales in rural areas stood at 192.5 billion yuan, up by 16.5 percent.

Grouped by consumption patterns, the total income of catering services was 164.0 billion yuan in May, up by 17.1 percent year-on-year, and that from retail sales was 1,305.7 billion yuan, up 16.9 percent. Of this total, the total retail sales made by enterprises (units) above designated size stood at 629.1 billion yuan, up 23.0 percent. 

5. Consumer prices continued to rise.

In May, the consumer price index went up by 5.5 percent year-on-year. The prices grew by 5.3 percent in cities and 6.0 percent in rural areas. The food prices went up by 11.7 percent while the non-food prices increased by 2.9 percent. The prices of consumer goods went up by 6.2 percent and the prices of services grew by 3.9 percent. Grouped by commodity categories, prices for food went up by 11.7 percent; tobacco, liquor and articles rose by 2.6 percent; clothing went up by 1.8 percent; household facilities, articles and maintenance services went up by 2.5 percent; health care and personal articles grew by 3.2 percent; transportation and communication rose by 0.7 percent, recreation, education, culture articles and services grew by 0.6 percent; and housing went up by 6.1 percent. In the first five months, the year-on-year change of consumer prices was up by 5.2 percent.

In May, the month-on-month change of consumer prices was up by 0.1 percent. Of which, prices in cities went up by 0.1 percent and that in rural areas rose by 0.1 percent. The food prices dropped by 0.3 percent while the non-food prices grew by 0.2 percent. The prices of consumer goods rose by 0.1 percent, and the prices of services went up by 0.1 percent. Grouped by commodity categories, prices for food dropped by 0.3 percent month-on-month, of which, that for fresh vegetables down by 9.3 percent; prices for tobacco, liquor and articles rose by 0.3 percent; prices for clothing went up by 0.5 percent; prices for household facilities, articles and maintenance services went up by 0.3 percent; health care and personal articles grew by 0.4 percent; transportation and communication rose by 0.1 percent; recreation, education, culture articles and services maintained the same level of growth and housing went up by 0.2 percent. 

6. Producer prices for industrial products maintained the same growth in May as in April.

In May, the producer prices for industrial products went up by 6.8 percent year-on-year, maintaining the same level over that in April 2011. 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 17.1 percent, raw materials industry went up by 9.9 percent and manufacturing industry increased by 5.4 percent. The producer prices for means of livelihood increased by 4.6 percent, of which, the food prices grew by 8.3 percent, clothing went up by 4.4 percent, articles for daily use grew by 4.4 percent and durable consumer goods dropped by 0.5 percent. In May, the month-on-month change of the producer prices for industrial products went up by 0.3 percent. In the first five months of this year, the year-on-year change of the producer prices for industrial products was up by 7.0 percent.

In May, the purchasing prices for industrial producers went up by 10.2 percent year-on-year, of which, the prices for nonferrous metals and wire went up by 14.5 percent, fuel and power 11.7 percent, raw chemical materials 11.6 percent and ferrous metals 9.4 percent. In May, the month-on-month change of the purchasing prices for industrial producers went up by 0.5 percent. In the first five months of 2011, the purchasing prices for industrial producers grew up by 10.2 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 from February to April have been revised. The revised figures and figures for May are as follows:

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 May went up by 5.515 percent year-on-year, or 0.074 percent month-on-month, while it was up 5.589 percent year-on-year, or 0.075 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.