China's Investment in Mining Drops 9.2% in First Three Quarters of 2017

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Researched by Industrial Info Resources (Sugar Land, Texas)--From January through September 2017, China's accumulative investment in mining was $101.4 billion, a drop of 9.2% year over year. The investment from the private sector was $56.11 billion, a drop of 18% year over year, according to China's National Bureau of Statistics.

From January through September, the investment in the mining and washing of coal reached $30.49 billion, a drop of 8.5%; that of extraction of petroleum and natural gas reached $26.17 billion, an increase of 12.4%; that of ore mining, smelting and pressing of ferrous metals reached $8.78 billion, a drop of 23.5%; that of ore mining, smelting and pressing of non-ferrous metal reached $13.05 billion, a drop of 20.8%; and that of ore mining and processing of non-metallic minerals reached $19.9 billion, a drop of 13.7%.

The private investment in the mining and washing of coal reached $16.7 billion, a drop of 17.6%; that of extraction of petroleum and natural gas reached $2.17 billion, a drop of 23.9%; that of ore mining, smelting and pressing of ferrous metals reached $6.35 billion, a drop of 29.5%; that of ore mining, smelting and pressing of non-ferrous metal reached $10.04 billion, a drop of 14.9%; and that of ore mining and processing of non-metallic minerals reached $18.72 billion, a drop of 14.1%.

From January through September 2017, China's overall investment in fixed assets (excluding rural households) reached $6.9 trillion, an increase of 7.5% year over year, which was 0.3 percentage point lower than the growth in the first eight months of 2017. The investment from the private sector reached $4.2 trillion, an increase of 6%. Upon seasonal adjustment, China's investment in fixed assets (excluding rural households) showed a monthly growth of 0.56%, 0.61%, 0.60%, 0.59%, 0.58%, 0.61%, 0.57%, 0.54% and 0.56% in the past nine months, respectively.

The investment in the primary industries (agriculture, forestry, fishing, mining, and oil & gas production) reached $226.87 billion, an increase of 11.8%; that of the secondary industries (manufacturing) reached $2.6 trillion, an increase of 2.6% year over year, which was 0.6 percentage point lower than the growth in the first eight months of the year; and that of the tertiary industries (services) reached $4.1 trillion, an increase of 10.5%.

In the secondary industries, the investment in industrial manufacturing reached $2.1 trillion, an increase of 4.2%, which was 0.3 percentage point lower than the growth in the first eight months of 2017; and that of production and supply of electric power, heat power, gas and water reached $333.55 billion, an increase of 1.7%, which was 0.9 percentage point lower than the growth in the first eight months of 2017.

In the tertiary industries, the investment in infrastructure (excluding electric power, heat power, gas and water) reached $1.5 trillion, a jump of 19.8%, which was of the same growth level in the first eight months of 2017.

In September 2017, China's overall value added for industrial enterprises with annual income above $20.94 million was up 6.6%, which was 0.6 percentage point lower than the growth in August 2017. Of this, the value added in the mining industry was down 3.8% year over year, that of industrial manufacturing was up 8.1%, that of production and supply of electric power, heat power, gas and water was up 7.8%.

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