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National Bureau of Statistics of China : Investment in Fixed Assets for the First Five Months of 2018

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06/15/2018 | 05:08am CEST

In the first five months of 2018, the investment in fixed assets (excluding rural households) reached 21,604.3 billion yuan, up by 6.1 percent year-on-year, and the growth rate was 0.9 percentage points lower than that in the first four months. In May, the investment in fixed assets (excluding rural households) increased 0.47 percent, month-on-month. Of which, the private investment in fixed assets reached 13,439.9 billion yuan, a year-on-year increase of 8.1 percent.

In term of different industries, the investment in primary industry was 684.4 billion yuan, went up by 15.2 percent year-on-year, and the growth rate was 1.6 percentage points lower than that in the first four months; that of secondary industry was 7,955.0 billion yuan, went up by 2.5 percent, and the growth rate remained unchanged from the first four months; that of tertiary industry was 12,964.9 billion yuan, increased 7.7 percent, and a decrease of 1.6 percentage points.

In secondary industry, the investment in industry increased 2.6 percent year-on-year, and the growth rate was 0.1 percentage point lower than that in the first four months. Of which, the investment in mining industry went down by 1.8 percent, and the pace of decline narrowed by 0.2 percentage points from the first four months; that of manufacture increased 5.2 percent, and the growth rate increased 0.4 percentage points; that of production and supply of electric power, heat power, gas and water, decreased 10.8 percent, and the pace of decline extended by 2.4 percentage points.

In tertiary industry, the investment in infrastructure (excluding electric power, heat power, gas and water) increased 9.4 percent year-on-year, and the growth rate was 3.0 percentage points lower than that in the first four months. Of which, the investment in management of water conservancy increased 3.9 percent, down by 1.9 percentage points; that of management of public facilities increased 8.6 percent, down by 2.2 percentage points; that of transport via road increased 14.8 percent, down by 3.4 percentage points; that of transport via railway decreased 11.4 percent, and the pace of decline extended by 2.5 percentage points.

In term of different areas, the investment in eastern region rose by 5.7 percent year-on-year, and the growth rate remained unchanged from the first four months; that of central region increased 9.3 percent, and the growth rate decreased 0.5 percentage points; that of western region increased 4.2 percent, a decrease of 3.0 percentage points; that of northeastern region increased 2.2 percent, a decrease of 1.2 percentage points.

In term of types of registration, the investment by domestic enterprises went up by 6.6 percent year-on-year, and the growth rate was 1.2 percentage points lower than that in the first four months; investment by funds from Hong Kong, Macao and Taiwan went down by 5.2 percent, and the pace of decline narrowed by 0.4 percentage points; and the investment by foreign funds went down by 1.1 percent, and the pace of decline narrowed by 4.0 percentage points.

Investment in Fixed Assets for the First Five Months of 2018

Indicators

Jan-May

Increase rate Y/Y

(%)

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

6.1

Of which: State-owned and State Holding

4.1

Of which: Private Investment

8.1

Grouped by Constitution

Construction and Installation

3.6

Purchase of Equipment and Instruments

2.8

Other Expenses

23.2

Grouped by Types of Industry

Primary Industry

15.2

Secondary Industry

2.5

Tertiary Industry

7.7

Grouped by Industrial Sectors

Agriculture, Forestry, Animal Husbandry and Fishery

14.7

Mining

-1.8

Manufacturing

5.2

Of which: Processing of Food from Agricultural Products

-2.3

Manufacture of Foods

-3.9

Manufacture of Textile

0.3

Manufacture of Chemical Raw Material and Chemical Products

-0.5

Manufacture of Medicines

-6.4

Smelting and Pressing of Non-Ferrous Metal

-6.8

Manufacture of Fabricated Metal Products

9.9

Manufacture of General Purpose Machinery

2.1

Manufacture of Special Purpose Machinery

10.3

Manufacture of Automobile

7.4

Manufacture of Railways, Shipbuilding, Aerospace and Other Transportation Equipment

-2.3

Manufacture of Electrical Machinery & Equipment

7.8

Manufacture of Telecommunications Equipment, Computers and Other Electronic Equipment

14.6

Production and Supply of Electricity ,Gas and Water

-10.8

Transport, Storage and Post

7.5

Of which: Railway Transportation

-11.4

Road Transportation

14.8

Management of Water Conservancy, Environment and Public Facilities

9.2

Of which: Management on Water Resource

3.9

Management on Public Facilities

8.6

Education

21.7

Health, Social Works

13.1

Culture, Sports and Entertainment

15.5

Grouped by Registration Type

Domestic Funded

6.6

Funds from Hong Kong, Macao and Taiwan

-5.2

Foreign Investment

-1.1

Note: The growth rate in this table are all nominal growth rate.

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 share holders. 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 share holders, 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 share holding 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 estates 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 May 2017 to May 2018 has been revised as follows:

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

(Excluding Rural Households)

Growth Rate (%)

2017-May

0.56

June

0.57

July

0.55

August

0.55

September

0.54

October

0.52

November

0.51

December

0.50

2018-January

0.51

February

0.52

March

0.50

April

0.49

May

0.47

Disclaimer

National Bureau of Statistics of China published this content on 15 June 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 15 June 2018 03:07:06 UTC

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