Explanatory Notes on Main Statistical Indicators
Total
Investment in Fixed Assets
refers to the volume of activities in construction and purchases of fixed
assets of the whole country and related fees, expressed in monetary terms
during the reference period. It is a comprehensive indicator which shows the
size, structure and growth of the investment in fixed assets, providing a basis
for observing the progress of construction projects and evaluating results of
investment.
Investment
in Fixed Assets in Urban Area
refers to construction projects involving a total planned (or required)
investment of 5 million yuan and over by enterprises
of various types of ownership, institutions, administrative units and
individuals in urban areas, investment in real estate development. In other
words, all investments that take place in county towns and urban areas,
investment in construction projects under the direct leadership and management
of government agencies at and above county levels and investments by
enterprises and institutions at and above county levels are covered in urban
investment in fixed assets.
Investment
in Fixed Assets in Rural Area
refers to investment in fixed assets by enterprises, institutions,
administrative units and households in rural areas.
Investment
in Real Estate Development
refers to the investment by the real estate development companies (unit)
in Land development and construction of house buildings. It is finished work in
monetary terms.
Source
of Funds for Investment in Fixed Assets
refer to the funds used to establish or buy
fixed assets by the investment units in report period, included the state
budget, domestic loans, bonds, foreign investment, self-raised funds, and
others.
State
Budgetary Appropriation consists of central
budgetary appropriation and local budgetary appropriation. National budget
includes the general budget, government fund budget, state-owned capital
management budget and social security funds. In various types of budget, funds
used for investment in fixed assets are all calculated as state budgetary
appropriation. And general budget used for investment in fixed assets includes
infrastructure investment, vehicle purchase tax, post-earthquake recovery and
reconstruction funds and other financial investments. Government bonds of all
levels are also included in the state budgetary appropriation.
Domestic
Loans refer to loans of various forms borrowed by investing units from
banks and non-bank financial institutions during the reference period for the
purpose of investment in fixed assets, including bank loans, non-bank financial
institutions loans, etc.
Bonds refer to the voucher issued enterprise (company) or financial
institutions in order to raise funds with commit of payback with interests
according to certain conditions, including the financial bonds and enterprise
bonds (approved by the National Development and Reform Commission and the China
Securities Regulatory Commission).
Foreign
Investment refers to foreign funds received during
the reference period for the construction and purchase of investment in fixed
assets (covering equipment, materials and technology), including foreign
borrowings (loans from foreign governments and international financial
institutions, export credit, commercial loans from foreign banks, issue of
bonds and stocks overseas), foreign direct investment and other foreign
investments (including using revenue of foreign investment to invest in the
domestic fixed assets). Excluded from this category is capital in foreign
exchanges owned by
Fundraising refer to extra-budgetary funds for investment in fixed assets raised
by enterprises and institutions and received by investing units during the
reference period, including self-raised funds of enterprises and institutions,
funds raised from other units for investment in fixed assets, excluding
government financial capital, funds borrowed from various financial institutions
and foreign funds.
Others refer to funds for investment in fixed assets received from sources
other than those listed above, including funds raised from individuals and
through social donations, and funds transferred from other units.
Investment
in Fixed Assets by Composition of Use
Construction refers to the construction of various houses and buildings, it also
is called the work volume of construction, including construction of various
houses, equipment foundations and industrial kilns and stoves, preparation
works for project construction, and clearing up works post project
construction, geological examination, land-leveling, water, electricity, gas
road-cleaning, planting trees, drilling of mines, pavement of railways and
roads, highway, bridge, construction of projects of water conservancy,
construction of underground air-raid shelters and construction of other special
projects.
Installation refers to the installation of various kinds of equipment and
instruments (work volume of installation). The value of equipment installed is
excluded in the value of installation projects. Including various kinds of
equipment, i.e. production, power-driven, lifting, transport, transmission,
medical experiment etc. and working table, stepladder railing, putting up of
pipes, keep warm, paint, rot-proofing, try operation (excluding put in material
try operation).
Purchases
of Equipment and Instruments refer to the total
value of equipment, tools, and vessels purchased or self-produced by
construction units, enterprises or institutions, which come up to standards for
fixed assets. Equipment, tools and vessels purchased or self- produced for new
workshops by newly established or expanded units are categorized as ��purchase
of equipment and instruments�� no matter whether they come up to the standards
for fixed assets or not.
Others refer to investment in assets construction and purchases excluded in
above items, including land acquisition costs (costs of land for construction
use), old building purchase costs (building purchase costs), etc.
Investment
in Fixed Assets by Type of Construction
New
Construction refers to newly constructed units. In the
case, in which the value of the original fixed assets is quite small, and the
value of newly added fixed assets exceeds the original ones by three times, the
expansion construction is considered as new
construction.
Expansion
Construction refers to construction of new major
production workshop or independent production line within a factory or in other
locations, or construction of a branch factory so as to increase the production
capacity of the original products. Newly constructed business houses in
institutions and administrative organizations are also classified as expansion.
Reconstruction
and Technical Innovation refers to
construction of technical innovation and transformation of the existing
equipment and technical conditions undertaken by enterprises and institutions,
(including accessory facilities for production and living purposes). The
construction of new workshops for improving existing production capacity rather
than increasing production capacity is also considered as reconstruction.
Newly
Increased Fixed Assets
refer to the newly increased value of fixed
assets finished construction and purchase in the reference period and delivered
to the production or use units, including the value of projects completed and
put into production, the value of equipment, tools, and vessels considered as
fixed assets, as well as the relevant expenses as investment in fixed assets.
Other construction expenses to increase the volume in fixed assets should be
calculated into newly increased fixed assets with the project put in use.
Rate
of Fixed Assets Put into Use
refers to the ratio of the newly increased fixed assets to the total
investment made in the same period. This is a comprehensive indicator,
reflecting the speed of the employment of fixed assets and the investment
efficiency.
Floor
Space of Commercial Houses Sold
refers to total contracted area of commercialized housing (the area of
floor space as designated in the formal contracts signed by both sides) during
the reference time. It is constituted by floor space of completed housing and
floor space of future housing.
Sales
of Commercial Houses
refers to the total contracted value (the value of sales/purchase for
selling/purchase of commercialized housing as designated in the contract signed
by both sides) during the reference time. This indicator has the same coverage
as the area of commercialized housing sold, which is constituted by floor space
of completed housing and floor space of housing yet to be completed.