In the first seven months of 2014, the private investment in fixed assets reached 16,850.3 billion yuan, a year-on-year increase of 19.6 percent in nominal terms, 0.5 percentage points lower over that in the first six months. The proportion of private investment in fixed assets to the total investment in fixed assets was 64.9 percent.
In term of different areas, the private investment in fixed assets in eastern region amounted to 8,229.8 billion yuan, rose by 18.2 percent year-on-year, dropped 0.7 percentage points over the first six months; that of central region, 5,155.9 billion yuan, surged 20.1 percent, dropped 0.3 percentage points; that of western region, 3,464.6 billion yuan, increased 20.5 percent, decreased 0.1 percentage point.
In term of different industries, the private investment in fixed assets in primary industry reached 475.5 billion yuan, a year-on-year increase of 31.1 percent, increased 1.2 percentage points over that in the first four months; that in the secondary industry amounted to 8,539.3 billion yuan, increased 17.5 percent, decreased 0.3 percentage points; that in the tertiary industry was 7,835.5 billion yuan, went up by 21.2 percent, decreased 0.8 percentage points.
Of the secondary industry, industrial private investment in fixed assets reached 8,450.1 billion yuan, a year-on-year increase of 17.4 percent ,decreased 0.3 percentage points over that in the first six months, of which, that of mining industry was 413.6 billion yuan, increased 4.9 percent, dropped 1.4 percentage points; that of the manufacturing industry was 7,679.6 billion yuan, increased 18.0 percent, dropped 0.1 percentage point; that of the production and supply of electric power, heat power, gas and water was 357.0 billion yuan, increased 21.5 percent, decreased 1.6 percentage points.
1. 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.
2. 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.
3. 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.
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.
5. 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/tjsj/tjbz/hyflbz.
6. 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.