From January to October, The Private Investment in Fixed Assets Reached 18,099.7bn Yuan

From January to October, the private investment in fixed assets reached 18,099.7 billion yuan, a year-on-year increase of 25.2 percent, up by 0.1 percentage points over the first nine months. The proportion of private investment in fixed assets to the total investment in fixed assets was 61.9 percent, 0.1 percentage points lower than that in the first nine months.

In term of different areas, the private investment in fixed assets in eastern region amounted to 8,933.6 billion yuan, rose by 21.8 percent year-on-year, and 0.2 percentage points lower than that in the first nine months; that of central region, 5,518.6 billion yuan, surged 28.1 percent, and 0.2 percentage points lower over the first nine months; that of western region, 3,647.5 billion yuan, increased 29.5 percent, 0.1 percentage points higher over the first nine months.

In term of different industries, the private investment in fixed assets in primary industry reached 523.2 billion yuan, a year-on-year increase of 37.7 percent, and 0.3 percentage points higher than that in the first nine months; that in the secondary industry amounted to 9,508.5 billion yuan, increased by 27.7 percent and 0.2 percentage points lower; that in the tertiary industry was 8,068.0 billion yuan, went up 21.6 percent and 0.2 percentage points higher.

Of the secondary industry, industrial private investment in fixed assets reached 9,370.9 billion yuan, a year-on-year increase of 27.8 percent, and 0.3 percentage points lower than that in the first nine months, of which, that of mining industry was 581.4 billion yuan, increased 23.1 percent, and 2.6 percentage points lower; that of the manufacturing industry was 8,408.3 billion yuan, increased 28.2 percent, and 0.2 percentage points lower; that of the production and supply of electricity, gas and water was 381.3 billion yuan, increased 26.2 percent, and 0.8 percentage points higher.

Annotations:

1. In order to implement the requirements of “statistics departments should strengthen the statistical work on private investment, and accurately reflect the progress and distribution of private investment”, proposed by the Several Opinions of the State Council on Encouraging and Guiding the Healthy Development of Private Investment and Notice of the General Office of the State Council on the Division of Key Work of Encouraging and Guiding the Healthy Development of Private Investment, NBS formulated regulations on the definition and statistical coverage on private investment in fixed assets in early 2012, and started to release the data on private investment in fixed assets monthly since May, 2012.

2. Explanatory Notes on Indicators

Private investment in fixed assets refers to the investment in construction and purchase of fixed assets within the territory of the People's Republic of China, by collective, private, and personal domestic enterprises and institutional units as well as the enterprises controlled (including absolutely controlled and relatively controlled) by these units.

3. Statistical Coverage

The statistical coverage of private investment in fixed assets is determined according to the types of industrial and commercial registration of the fixed assets investment projects units, which includes:

(1) The investment in fixed assets of collective enterprises, joint-stock cooperative enterprises, private enterprises, private partnerships, private limited liability companies, self-employed businessmen, individual partnerships and other pure non-governmental entities with industrial and commercial registration;

(2) All the investment in fixed assets of the main investment units, which are controlled by collective enterprises, private enterprises and individuals in the mixed economic components with industrial and commercial registration.

4. Data Collection

Private investment in fixed assets is a part of investment in fixed assets, and the reports of private investment on fixed assets are collected monthly with complete enumeration (no report in January), which is the same as the report of investment on fixed assets.

5. 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.

6. Standard Industrial Classification

Since 2012, NBS performed the new standard on industrial classification for national economic activities (GB/T4754-2011), please refer to http://www.stats.gov.cn/tjbz

7. Explanatory Notes on Growth Rate

The growth rate of private investment in fixed assets is nominal growth rate, because the price indices of investment in fixed assets are calculated on quarterly basis, except Jan.- Mar., Jan.-Jun., Jan-Sep. and Jan.-Dec., the growth rates in the other months are nominal growth rates.