Mining Investments in China for First Seven Months of 2016 Drop 22.9% from Same Period in 2015

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Researched by Industrial Info Resources China (Beijing, China)--Mining investments in China totaled $80.29 billion during the first seven months of this year, down 22.9% from the same period last year, according to the National Bureau of Statistics of China. The amount includes $48.41 billion in private sector investments, down 19% from the same period of 2015.

Coal mining and washing investments for January through July this year were $21.74 billion, down 34.7% from the same period in 2015. Petroleum and natural gas extraction investments totaled $17.83 billion, a drop of 28.1%. Investments in ore mining, smelting and pressing of ferrous metals fell 30.5% to $8.44 billion, while those for non-ferrous metals increased 1.8% to $12.66 billion. Investments for mining and processing of non-metallic minerals dropped 4.9% to $16.82 billion.

Private investments for the period included:

• $13.6 billion for coal mining and washing, down 30.5%.
• $1.65 billion for petroleum and natural gas extraction, down 20.7%.
• $6.6 billion for mining, smelting and pressing of ferrous metals, down 37.4%
• $9.07 billion for mining, smelting and pressing of non-ferrous metals, down 3.4%.
• $16.11 billion for mining and processing of non-metallic minerals, down 3.3%.

China's overall investment in fixed assets (excluding rural households) for the first seven months of 2016 reached $4.87 trillion, up 8.1% over the same period last year. This includes nearly $3 trillion in private sector investments, an increase of 2.1%.

Investments in primary-sector industries (agriculture, forestry, fishing, mining and oil and gas production) from January through July reached $145.88 billion, an increase of 20.6% over the same period of 2015. Secondary industry (manufacturing) investments reached $1.9 trillion, up 3.5%, and tertiary industry (services) investments totaled $2.8 trillion, up 10.8%.

Investment in production and supply of electric power, thermal power, gas and water reached $247.58 billion, an increase of 19.9%.

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

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