China Reports Drop in First-Half 2017 Mining Investments

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Researched by Industrial Info Resources China (Beijing, China)--Mining investments in China for the first six months of this year dropped 6.4% to $58.17 billion in comparison with the same period in 2016, China's National Bureau of Statistics reported. Included in the new numbers was a 14.4% drop in private sector investments, which totaled $32.03 billion.

China's overall investment in fixed assets (excluding rural households) reached $4.1 trillion in the first half of 2017, an 8.6% increase. This includes $2.5 trillion in private sector investments, a 7.2% increase. Primary industry investments (agriculture, forestry, fishing, mining, and oil & gas production) increased 16.5% to $127.86 billion; Secondary industry (manufacturing) investments increased 4% to $1.5 trillion; and tertiary industry (services) spending increased 11.3% to $2.4 trillion.

Investments in coal mining and washing increased 0.2% to $16.4 billion; petroleum and natural gas extraction investments rose 6.4% to $15 billion.

However, investments in the mining, smelting and pressing of ferrous metals fell 23.7% to $5 billion; while spending for non-ferrous metals fell 19.8% to $7.9 billion.

Spending for the mining and processing of non-metallic minerals fell 7.8% to $12.05 billion; investments in the manufacture of non-metallic mineral products reached $109.46 billion, an increase of 1.3%; that of smelting and pressing of ferrous metals fell 11.9% to $25.21 billion; and spending for smelting and pressing of non-ferrous metal totaled $35.15 billion, a drop of 4.7%.

Investments in the manufacture of fabricated metal products reached $68.11 billion, an increase of 5.7%; those for the manufacture of general purpose machinery amounted to $86.27 billion, which was the same level of last year; that of the manufacture of special purpose machinery reached $82.27 billion, an increase of 4.7%; and spending on automobile manufacturing reached $89.36 billion, an increase of 12.1%.

Investments in railways, shipbuilding, aerospace and other transportation equipment reached $20.59 billion, an increase of 9.2%; spending for the manufacture of electrical machinery and equipment reached $91.74 billion, an increase of 8.9%; and spending for manufacture of telecommunication equipment, computers and other electronic equipment reached $83.96 billion, a jump of 27.4%.

However, spending for the manufacture of chemical raw materials and chemical products dropped 0.3% to $95.23 billion; transport and storage and post reached $377.3 billion, an increase of 14.7%.

Industrial Info tracks more than 8,000 operational mines and 5,000 active metals & minerals projects in China with a total investment of more than $700 billion in China.

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