China's Investment in Mining Drops 10.2% in First 11 Months of 2017

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Researched by Industrial Info Resources (Sugar Land, Texas)--Mining investments in China amounted to $124.6 billion for January through November, a 10.2% decline year over year. Of this amount, private sector investments totaled $69.07 billion, a drop of 19.3%, according to China's National Bureau of Statistics.

Investments in mining and coal washing were $36.9 billion, a drop of 11.3%; that of extraction of petroleum and natural gas reached $32.73 billion, an increase of 15.8%; that of ore mining, smelting and pressing of ferrous metals reached $10.55 billion, a decline of 23%; that of ore mining, smelting and pressing of non-ferrous metals reached $15.81 billion, a drop of 22.4%; that of ore mining and processing of non-metallic minerals reached $24.6 billion, a drop of 5.8%.

The private investment in mining and washing of coal reached $20.55 billion, a drop of 19%; that of extraction of petroleum and natural gas reached $2.73 billion, a drop of 19.4%; that of ore mining, smelting and pressing of ferrous metals reached $7.79 billion, a drop of 27.4%; that of ore mining, smelting and pressing of non-ferrous metal reached $12.05 billion, a decline of 18.4%; that of ore mining, processing of non-metallic minerals reached $23.17 billion, a drop of 15.8%.

From January through November, China's overall investment in fixed assets (excluding rural households) reached $8 trillion, an increase of 7.2% year over year, which was 0.1 percentage point lower than the growth in the first 10 months of 2017. Of this, the investment from the private sector reached $5.3 trillion, an increase of 5.7%.

The investment in the primary industries (agriculture, forestry, fishing, mining, and oil and gas production) reached $287.57 billion, an increase of 11.4%; that of the secondary industries (manufacturing) reached $3.3 trillion, an increase of 2.6%, which was 0.1 percentage point lower than the growth in the first 10 months of the year; that of the tertiary industries (services) reached $5.2 trillion, an increase of 10.1%.

In the secondary industries, the investment in industry reached $3.2 trillion, an increase of 3.1%, which was 0.2 percentage point lower than that in the first 10 months of 2017. Of this, the investment in manufacturing reached $2.7 trillion, an increase of 4.1%, which was of the same growth than that of the first 10 months of the year; that of production and supply of electric power, heat power, gas and water reached $413.19 billion, an increase of 1.1%, which was 1.2 percentage points lower than the growth in the first 10 months of the year.

In the tertiary industries, the investment in infrastructure (excluding production and supply of electric power, heat power, gas and water) reached $1.9 trillion, an increase of 20.1%, which was 0.5 percentage point higher than the growth in the first 10 months of the year.

In view from production value-added, in November 2017, China's overall value-added of industrial enterprises with annual income above $20.94 million was up 6.1%, which was 0.1 percentage point lower than the growth in October 2017. Of this, the value-added in the mining industry was down 1.7%; that of manufacturing was up 6.8%; that of production and supply of electric power, heat power, gas and water was up 4.5%.

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