China's Investment in Fixed Assets Up 20.4% from January to July 2012

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Researched by Industrial Info Resources China (Beijing, China)--From January to July 2012, China's investment in fixed assets (excluding rural households) reached $2.88 trillion, an increase of 20.4% year-over-year (YoY), or 1.42% compared with the previous month. That in the state-owned and state holding enterprises reached $938.58 billion, an increase of 12.6%, according to the Instant Statistic Report of the National Bureau of Statistics of China on August 9, 2012.

Grouped by jurisdiction of project management, in the first seven months of 2012, the central investment reached $146.68 billion, a drop of 3% (YoY), while the local investment was $2,733.19 billion, an increase of 22%.

Grouped by types of industry, in the first seven months of 2012, the investment in primary industry, secondary industry and the tertiary industry reached $71.1 billion, $1.29 trillion and $1.51 trillion, an increase of 28.8%, 23.4% and 17.7%, respectively.

Grouped by different sectors, in the first seven months of 2012, the investment in mining reached $97.49 billion, up 18.8% (YoY). Investment in mining and washing of coal reached $41.13 billion, up 18.4%; extraction of petroleum and natural gas reached $16.55 billion, up 5.4%; ore mining, smelting and processing of ferrous metals reached $12.19 billion, up 24%; ore mining and processing of nonferrous metals reached $12.68 billion, up 36.2%; and ore mining and processing of non-metallic minerals reached $12.54 billion, up 28.5%.

The investment in manufacturing reached $1.03 trillion, up 24.9% (YoY). Investment in the manufacturing of non-metallic mineral products reached $100.16 billion, up 24.9%; smelting and pressing of ferrous metals reached $42.46 billion, up 6.9%; smelting and pressing of nonferrous metals reached $36.55 billion, up 17.3%; manufacturing of general-purpose machinery reached $72.43 billion, up 37.5%; manufacturing of special-purpose machinery reached $69.6 billion, up 47.6%; manufacturing of transportation equipment reached $20.85 billion, up 13%; manufacturing of electrical machinery and equipment reached $71.43 billion, up 8.7%; and manufacturing of telecommunication equipment, computers and other electronic equipment reached $48.63 billion, up 12.4%.

The investment in production and supply of electricity, gas and water reached $129.94 billion, up 18.6% (YoY). The investment in production and supply of electric power and heat power reached $102.22 billion, up 15.9%.

The investment in transport, storage and post reached $214.33 billion, up 0.7% (YoY). The investment in railway transportation reached $29.38 billion, a drop of 31.9%; and road transportation reached $128.82 billion, a drop of 2.4%.

Grouped by construction and new projects, in the first seven months of 2012, the total investment in construction projects reached $9 trillion, up 14.5%. The total investment in new projects reached $2.63 trillion, up 23.6%.

In terms of funds in place for investment, in the first seven months of 2012, $3.36 trillion had been invested, a (YoY) growth of 17.2%. The growth of government budgetary funds reached $152.08 billion, up 30.5%; investment from domestic loans went up 6.7% to $441.18 billion; that from foreign investment dropped 7.4% to $41.41 billion; and that from self-raising funds went up 22% to $2.29 trillion.

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