China's Investment in Mining Drops 9.1% for First 10 Months of 2017

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Researched by Industrial Info Resources (Sugar Land, Texas)--From January through October 2017, China's investment in mining totaled $112.73 billion, a drop of 9.1% from the same period in 2016, according to a recent report form China's National Bureau of Statistics. Growth in the first 10 months of 2017 was -9.2%; in particular, investments from the private sector totaled $62.63 billion, a drop of 18.8%.

From January through October 2017, investments in:

• mining and washing of coal totaled $33.63 billion, an 8.5% drop from the same period last year
• extraction of petroleum and natural gas totaled $28.9 billion, a 14.7% increase
• ore mining, smelting and pressing of ferrous metals totaled $9.84 billion, a 22.4% drop
• ore mining, smelting and pressing of non-ferrous metal totaled $14.49 billion, a 21.3% drop
• ore mining, processing of non-metallic minerals totaled $22.41 billion, a 14.1% drop

Included in the numbers above, private investments in:

• mining and washing of coal totaled $18.41 billion, an 18.3% drop from the same period in 2016
• extraction of petroleum and natural gas totaled $2.5 billion, a 22.3% drop
• ore mining, smelting and pressing of ferrous metals totaled $7.2 billion, a 27.7% drop
• ore mining, smelting and pressing of non-ferrous metal totaled $11.07 billion, a 17.3% drop
• ore mining, processing of non-metallic minerals totaled $21.02 billion, a 14.7% drop

From January through October 2017, China's overall investment in fixed assets (excluding rural households) reached $7.85 trillion, a 7.3% increase from the same period last year; investments from the private sector totaled $4.75 trillion, a 5.8% increase. Upon seasonal adjustment, China's investment in fixed assets (excluding rural households) showed monthly growths of 0.57%, 0.61%, 0.60%, 0.59%, 0.58%, 0.60%, 0.55%, 0.53%, 0.55% and 0.52% from January through October, respectively. From January to October 2017, investments in the primary industries (agriculture, forestry, fishing, mining, and oil & gas production) totaled $259.04 billion, a 13.1% increase from the same period in 2016; the secondary industries (manufacturing) totaled $2.93 trillion, a 2.7% increase; and the tertiary industries (services) totaled $4.65 trillion, a 10% increase.

In the secondary industry, industrial investments totaled $2.89 trillion, a 3.3% increase; investments in industrial manufacturing totaled $2.41 trillion, a 4.1% increase, and investments in production and supply of electric power, heat power, gas and water totaled $373.87 billion, a 2.3% increase.

In the tertiary industry, investments in infrastructure (excluding electric power, heat power, gas and water) totaled $1.71 trillion, a 19.6% increase.

For October alone, the overall value added to China's industrial enterprises with annual incomes of more than $20.94 million was 6.2% higher than in October 2016. In particular, the mining industry lost 1.3% in value from the same month last year, while the industrial manufacturing was up 6.7% and the production and supply of electric power, heat power, gas and water was up 9.2%.

Industrial Info tracks more than 7,000 operational metals & minerals plants in China, and more than 5,000 active metals & minerals projects with a total investment of more than $700 billion.

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 https://www.industrialinfo.com/.