In 2018, Chinas fixed assets investment increased by 5.9percent to 63563.6 billion yuan.

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 In 2018, Chinas fixed assets investment increased by 5.9percent to 63563.6 billion yuan.


From January to December 2018, Chinas fixed assets investment (excluding farmers) amounted to 63563.6 billion yuan, an increase of 5.9% over the previous year. The growth rate was unchanged from January to November, and fell by 1.3 percentage points over the same period last year. From the ring-to-ring speed, fixed assets investment (excluding farmers) increased by 0.42% in December. Among them, private investment in fixed assets was 3940.51 billion yuan, an increase of 8.7% over the previous year, and an increase of 2.7 percentage points over the previous year.

In terms of sub-industries, the investment in the primary industry was 2241.3 billion yuan, an increase of 12.9% over the previous year, and the growth rate was 0.7 percentage points higher than that in January-November; the investment in the secondary industry was 2378.99 billion yuan, an increase of 6.2%, the growth rate was the same as that in January-November; the investment in the tertiary industry was 3753.24 billion yuan, an increase of 55%, and the growth rate dropped by 0.1 percentage points.

In the second industry, industrial investment increased by 6.5% compared with the previous year, and the growth rate increased by 0.1 percentage points from January to November, and by 2.9 percentage points from the previous year. Among them, mining investment increased by 4.1%, and the growth rate fell by 4.5 percentage points from January to November; manufacturing investment increased by 9.5%, and the growth rate was flat; investment in power, heat, gas and water production and supply industries decreased by 6.7%, and the decline rate narrowed by 2.1 percentage points.

In the tertiary industry, infrastructure investment (excluding electricity, heat, gas and water production and supply) increased by 3.8% over the previous year, increasing by 0.1 percentage points over January-November, and falling by 15.2 percentage points over the previous year. Among them, the investment in water resources management industry decreased by 4.9%, which was 0.5 percentage points larger than that in January-November; the investment in public facilities management industry increased by 2.5%, and the growth rate increased by 1.1 percentage points; the investment in road transportation industry increased by 8.2%, and the growth rate fell by 0.3 percentage points; and the investment in Railway transportation industry decreased by 5.1%, and the decline rate increased by 0.6 percentage points.

Regionally, investment in the eastern region increased by 5.7% over the previous year, and the growth rate fell by 0.1 percentage points from January to November; investment in the central region increased by 10%, the growth rate was the same as that in January to November; investment in the western region increased by 4.7%, the growth rate increased by 0.8 percentage points; and investment in the northeastern region increased by 1%, the growth rate increased by 0.3 percentage points.

According to the types of registration, the investment of domestic-funded enterprises increased by 6.5% compared with the previous year, and the growth rate increased by 0.2 percentage points compared with January-November; the investment of Hong Kong, Macao and Taiwan businesses decreased by 11.5% and increased by 5.4 percentage points; and the growth rate of foreign investment increased by 6.1%, which was the same as that of January-November.

Main Data of Fixed Asset Investment (excluding Farmers) in January-December 2018

index

Increase (%) over the previous year

Investment in fixed assets (excluding farmers)

Five point nine

Among them: state-owned holding

One point nine

Among them: private investment

Eight point seven

Structural components

Construction Installation Engineering

Three point six

Purchase of Equipment and Appliances

Two point six

Other expenses

Twenty

Sub industry

Primary industry

Twelve point nine

The secondary industry

Six point two

The service sector; the tertiary industry

Five point five

Sub sectors

Agriculture, forestry, animal husbandry and fishery

Twelve point three

Mining industry

Four point one

manufacturing industry

Nine point five

Among them: Agricultural and sideline food processing industry

Zero

Food Manufacturing Industry

Three point eight

extile industry

Five point one

Manufacturing of Chemical Materials and Chemicals

Six

Pharmaceutical Manufacturing Industry

Four

Nonferrous Metal Smelting and Calendering Industry

Three point two

Metal Products Industry

Fifteen point four

General Equipment Manufacturing Industry

Eight point six

Manufacturing of Special Equipment

Fifteen point four

Automobile Manufacturing Industry

Three point five

Manufacturing of Railway, Ship, Aerospace and Other Transportation Equipment

-4.1

Electrical machinery and equipment manufacturing industry

Thirteen point four

Manufacturing of Computers, Communications and Other Electronic Equipment

Sixteen point six

Electricity, Thermal, Gas and Water Production and Supply Industries

-6.7

Transportation, Warehousing and Postal Service

Three point nine

Among them: railway transport industry

-5.1

Road transport industry

Eight point two

Water Conservancy, Environment and Public Facilities Management Industry

Three point three

Among them: water management industry

-4.9

Public facility management industry

Two point five

education

Seven point two

Health and social work

Eight point four

Culture, Sports and Entertainment

Twenty-one point two

Subtype of registration

Among them: domestic enterprises

Six point five

Hong Kong, Macao and Taiwan Business Investment Enterprises

-11.5

foreign-invested enterprise

Six point one

Note: The rates in this table are nominal growth rates without deduction of price factors.

Note appended

1. Indicator Interpretation

Fixed Asset Investment (excluding farmers): The total amount of construction and acquisition of fixed assets completed in a certain period of time in monetary form and the related expenses.

State-owned holding: Among the total paid-in capital of an enterprise, the proportion of the paid-in capital (equity) owned by the investors of the state-owned economic component in the total paid-in capital (equity) of the enterprise is more than 50% of the state-owned absolute holding.

Among the total paid-in capital of an enterprise, the proportion of paid-in capital (equity) owned by the investor of the state-owned economic component is not more than 50%, but it is relatively larger than that of the investor of any other economic component; or, although not more than that of other economic components, the state-owned agreement holding that owns the actual control of the enterprise according to the provisions of the agreement.

Fifty percent of the enterprises are invested by both sides, and it is not clear who holds the absolute shares. If one of them is a state-owned economic component, all the enterprises shall be treated as state-owned holding.

Investment projects of administrative and public institutions belong to state-owned holding.

Types of registration: The basis for dividing the types of enterprise registration is the types of enterprise registration registered by the administrative departments for Industry and commerce, which shall be carried out in accordance with the Circular on the Regulations on the Classification of Enterprise Registration Types issued jointly by the State Statistical Bureau and the State Administration for Industry and Commerce (No. 86 of the National Uniform Character (2011). The classification of individual business registration types is carried out according to the relevant provisions of the National Statistical Bureau and in accordance with the Notice of the National Statistical Bureau on the Classification and Code of Registration Types of Individual Business (National Unified Office Word [1999] No. 2).

The system of statistic report forms for fixed assets investment stipulates that grass-roots statistic units should fill in the types of registration. The types of registration shall be filled in by enterprises or individual business units engaged in fixed assets investment activities. Where it has been registered with the administrative department for Industry and commerce, it shall be filled in according to the type of registration, and if it has not been registered, it shall be filled in according to the type of registration of investors or the provisions of relevant documents.

Domestic enterprises include state-owned enterprises, collective enterprises, joint-stock cooperative enterprises, joint ventures, limited liability companies, limited companies, private enterprises and other enterprises.

The investment enterprises of Hong Kong, Macao and Taiwan include joint ventures, cooperative enterprises, wholly-owned enterprises of Hong Kong, Macao and Taiwan, Hong Kong, Macao and Taiwan Investment Co., Ltd. and other investment enterprises of Hong Kong, Macao and Taiwan.

Foreign-funded enterprises include Sino-foreign joint ventures, Sino-foreign cooperative enterprises, foreign-funded enterprises, foreign-funded joint stock limited companies and other foreign-funded enterprises.

2. Statistical Scope

It plans to invest more than 5 million yuan in fixed assets projects and all real estate development projects.

3. Investigation methods

Statistical statements of investment in fixed assets are fully investigated monthly (January data are exempted).

4. Division of East, Middle, West and Northeast Regions

The eastern region includes 10 provinces (cities) of Beijing, Tianjin, Hebei, Shanghai, Jiangsu, Zhejiang, Fujian, Shandong, Guangdong and Hainan; the central region includes 6 provinces (cities) of Shanxi, Anhui, Jiangxi, Henan, Hubei and Hunan; the western region includes Inner Mongolia, Guangxi, Chongqing, Sichuan, Guizhou, Yunnan, Tibet, Shaanxi, Gansu, Qinghai, Ningxia and Xinjiang. Northeast China includes Liaoning, Jilin and Heilongjiang provinces.

5. Industry Classification Standards

According to the automatic revision procedure of seasonal adjustment model, the annual growth rate of fixed assets investment (excluding farmers) since December 2017 is revised. The revised results and the December 2018 ring-to-ring data are as follows:

year

Month

Ring-to-Ring Growth (%)

2017

December

Zero point four four

2018

January

Zero point four five

February

Zero point four five

March

Zero point four four

April

Zero point four five

May

Zero point four four

June

Zero point four four

July

Zero point four three

August

Zero point four three

September

Zero point four four

October

Zero point four five

November

Zero point four three

December

Zero point four two

7. Annual Growth Explanation

According to the results of statistical law enforcement inspection and the fourth national economic census unit inventory, the fixed assets investment base in 2017 was revised, and the growth rate was calculated according to comparable caliber.

Source: Responsible Editor of the National Bureau of Statistics: Li Hang_BJS 4645