China's Investment in Mining Drops 10% in 2017

---

Researched by Industrial Info Resources (Sugar Land, Texas)--China's investment in mining for 2017 totaled $141.68 billion, a drop of 10% from 2016, according to China's National Bureau of Statistics; for just the first 11 months of the year, it declined 10.2%. In particular, investment from the private sector totaled $75.93 billion, a decline of 19% from 2016.

Among the various mining sectors:

• mining and washing of coal totaled $40.74 billion in 2017, a 12.3% drop from 2016
• extraction of petroleum and natural gas totaled $40.76 billion, a 13.9% increase
• ore mining, smelting and pressing of ferrous metals totaled $11.56 billion, a 22.8% drop
• ore mining, smelting and pressing of non-ferrous metals totaled $17.07 billion, a 21.3% drop
• ore mining and processing of non-metallic minerals totaled $27 billion, a 16.3% drop

In regards to private investment in these sectors:

• mining and washing of coal totaled $22.64 billion, a 20.4% drop from 2016
• extraction of petroleum and natural gas totaled $3.11 billion, a 13.7% drop
• ore mining, smelting and pressing of ferrous metals totaled $8.64 billion, a 26.1% drop
• ore mining, smelting and pressing of non-ferrous metals totaled $12.94 billion, a 17.7% drop
• ore mining and processing of non-metallic minerals totaled $25.48 billion, a 16% drop

From January through November 2017, China's total investment in fixed assets (excluding rural households) reached $9.72 trillion, a 7.2% increase from the same period in 2016. In particular, investment from the private sector totaled $5.87 trillion, a 6% increase. Seasonally adjusted, China's investment in fixed assets (excluding rural households) showed growth of 0.54% in January, 0.57% in February, 0.59% in March, 0.58% in April, 0.57% in May, 0.60% in June, 0.58% in July, 0.57% in August, 0.55% in September, 0.54% in October, 0.52% in November and 0.53% in December.

Investment in the primary industries (agriculture, forestry, fishing, mining, and oil and gas production) totaled $321.42 billion in 2017, an 11.8% increase from 2016; the secondary industries (manufacturing) totaled $3.63 trillion, a 3.2% increase; and the tertiary industries (services) totaled $5.77 trillion, a 9.5% increase.

For the first 11 months of 2017, investment in the secondary industries totaled $3.58 trillion, a 3.6% increase from the same period in 2016. In particular, manufacturing investments totaled $2.98 trillion, a 4.8% increase; and the production and supply of electric power, heat power, gas and water reached $458.37 billion, a 0.8% increase.

In the tertiary industries, investment for the first 11 months of 2017 in infrastructure (excluding the production and supply of electric power, heat power, gas and water) totaled $2.15 trillion, a 19% increase.

For December 2017 alone, China's overall value-added production in industrial enterprises with annual incomes above $20.94 million was up 6.2% when compared with December 2016. In particular, value-added production in the mining industry declined 0.9%, while value-added production in manufacturing was up 6.5%, and value added in the production and supply of electric power, heat power, gas and water was up 8.5%.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 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/.