Investment in Fixed Assets from January to February 2022

From January to February, the national investment in fixed assets (excluding rural households) was 5,076.3 billion yuan, a year-on-year increase of 12.2 percent. Among them, private fixed asset investment was 2,917.6 billion yuan, a year-on-year increase of 11.4 percent. On a month-on-month basis, fixed asset investment (excluding rural households) increased by 0.66 percent in February.

By industry, the investment in the primary industry was 112.9 billion yuan, a year-on-year increase of 8.8 percent; the investment in the secondary industry was 1,458 billion yuan, an increase of 19.6 percent; the investment in the tertiary industry was 3,505.5 billion yuan, an increase of 9.5 percent.

In the secondary industry, industrial investment increased by 19.8 percent year-on-year. Among them, the investment in mining industry increased by 21.1 percent, the investment in manufacturing industry increased by 20.9 percent, and the investment in power, heat, gas and water production and supply industry increased by 11.7 percent.

In the tertiary industry, infrastructure investment (excluding power, heat, gas and water production and supply) increased by 8.1 percent year-on-year. Among them, investment in water conservancy management increased by 22.5 percent, investment in public facilities management increased by 4.3 percent, investment in road transportation increased by 8.2 percent, and investment in railway transportation decreased by 8.0 percent.

In terms of regions, the investment in the eastern region increased by 11.7 percent, the investment in the central region increased by 14.7 percent, the investment in the western region increased by 13.2 percent, and the investment in the northeast region increased by 18.6 percent.

According to the types of registration, the investment of domestic enterprises increased by 12.3 percent, that of Hong Kong, Macao and Taiwan enterprises increased by 8.3 percent and that of foreign enterprises increased by 13.3 percent.

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 21 has been revised as follows: