China Mining Investments Rise 4.1% Year-Over-Year in Jan-Feb

---

Researched by Industrial Info Resources China (Beijing, China)--Mining investments in China during the first two months of 2017 amounted to $5.99 billion, a 4.1% increase over the same two months in 2016, according to the National Bureau of Statistics of China. This was the first positive trend since December 2014.

Coal mining and washing investments for January through February totaled, a 21% drop year over year; while investments in petroleum and natural gas production reached $1.77 billion, a jump of 95.3%. Spending on ore mining, smelting and pressing of ferrous metals reached $0.62 billion, a drop of 0.2% year over year; while investments in ore mining, smelting and pressing of non-ferrous metal was $0.81 billion, a drop of 15.4%. Investments in mining and processing of non-metallic minerals were $1.48 billion, a drop of 4.9%.

For just the private sector, investments in coal mining and washing totaled $0.71 billion, a drop of 28.6%, while spending for petroleum and natural gas production reached $0.14 billion, a jump of 116.1%.

Private investments for mining, smelting and pressing of ferrous metals totaled $0.33 billion, a drop of 21.3%; mining, smelting and pressing of non-ferrous metal were $0.52 billion, a drop of 12%; investments for mining and processing of non-metallic minerals were $1.3 billion, a drop of 11.3%.

China's overall investment in fixed assets (excluding rural households) for January through February reached $608.5 billion, an 8.9% increase year over year, which was 0.8 percent points higher than the overall growth in 2016. For just the private sector, investments reached $367.31 billion, an increase of 6.7%, which was 3.5 percentage point higher than the overall growth in 2016. On a seasonally adjusted basis China's investment in fixed assets (excluding rural households) showed a monthly growth of 0.71%, 0.74% and 0.77% in past three months, respectively.

Primary industry investments (agriculture, forestry, fishing, mining, and oil & gas production) reached $13.03 billion, an increase of 19.1% year over year; spending for the secondary industry (manufacturing) reached $213.18 billion, an increase of 2.9%; tertiary industry (services) spending reached $382.3 billion, an increase of 12.2% year.

In the tertiary industry, the investment in infrastructure (excluding electric power, heat power, gas and water) reached $122.28 billion, a jump of 27.3% year over year, which was 9.9 percentage points higher than the overall growth in 2016.

China's value-added mining industry production dropped 3.6% year over year; that of industrial manufacturing was up 6.9%, and that of production and supply of electric power, heat power, gas and water was up 8.4%.

Industrial Info Resources tracks over 7,000 operational metals & minerals plants in China and more than 5,000 active metals & minerals projects, with a total investment of over $700 billion.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.