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 InvestmentinFixed 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 the bank loans of its own funds and
deposits, the domestic loans appropriated by the superior competent department,
the national special loans(including coal oil loans, the special loans for
reform-through-labour coal mine), the loans of local
financial special funds, the domestic bank loans, revolving credits, 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 overseas(foreign regions, Hong
Kong, Macao and Taiwan) funds received during the reference period (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 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.
Compared with the original fundraising concept, the biggest change is that the
local finance all belong to the state budget funds and
the fundraising do not contain financial 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 byComposition 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.