China's Investment in Fixed Assets Up 24.9% in First Half of 2011

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Researched by Industrial Info Resources China (Beijing, China)--From January to June 2012, China's investment in fixed assets (excluding rural households) reached $2.35 trillion, an increase of 20.4% from the same period last year. That in the state-owned and state-holding enterprises reached $765.42 billion, a rise of 13.8%, according to the Instant Statistical Report of the National Bureau of Statistics of China on July 13, 2012.

Grouped by jurisdiction of project management, the central investments reached $118.72 billion in the first half of 2012, a drop of 4.1% from the first half of 2011, while local investments were $2.24 billion, an increase of 22.1%. Grouped by type of construction, the investment in new construction was $1.16 trillion, up 23.7%; that of expansion was $315.27 billion, up 15.9%; and that of reconstruction was $299.39 billion, up 21.6%.

In the first half of 2012, the investment in primary industry, secondary industry and the tertiary industry reached $57.1 billion, $1.06 billion and $1.24 trillion, an increase of 28.6%, 23.7% and 17.4%, respectively.

Grouped by different sectors, investments in mining reached $78.35 billion in the first half of 2012, up 20.9% from the first half of 2011. The extraction of petroleum and natural gas reached $13.11 billion, up 3.3%; that in mining and washing of coal reached $32.86 billion, up 23.1%; that in mining and processing of ferrous metal ores reached $9.85 billion, up 22.8%; that in mining and processing of nonferrous metal ores reached $10.37 billion, up 40.6%; that in mining and processing of non-metallic ores reached $10.24 billion, up 30.9%; that in the manufacturing of non-metallic mineral products reached $82.07 billion, up 18.6%; that in smelting and pressing of ferrous metals reached $35.64 billion, up 9.4% year-over-year; that in smelting and pressing of nonferrous metals reached $29.83 billion, up 18.3% year-over-year; that in the manufacturing of metal products reached $40.86 billion, up 13.4%; that in the manufacturing of general purpose machinery reached $59.54 billion, up 38%; that in the manufacturing of special purpose machinery reached $56.55 billion, up 47.1%; that in the manufacturing of transportation equipment reached $16.44 billion, up 6%; that in the manufacturing of electrical machinery and equipment reached $59.03 billion, up 8.3%; that in the manufacturing of telecommunication equipment, computers and other electronic equipment reached $40.22 billion, up 12.6%; that in the manufacturing and supply of electric power and heat power reached $141.49 billion, up by 3.3%; that in railway transportation reached $107.25 billion, up 20.5%; and that in road transportation reached $173.06 billion, a drop of 2%.

Analysis on projects under construction or ones that started this year showed that in the first half of 2012, the total planned investment in projects under construction reached $8.48 trillion, up by 15.3%, and the total planned investment in newly started projects was $2.16 trillion, an increase of 23.2%.

In terms of funds in place for investment, $2.83 trillion had been invested in the first half of 2012, a growth of 17% from the first half of 2011. The growth of government budgetary funds went up 26.7%; investment from domestic loans went up 5.8%; that from foreign investment dropped 5.5% and that from self-raising funds went up 22.9%.

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