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 investment by real estate development companies, commercialized
buildings construction companies and other real estate development units of
various types of ownership in the construction of buildings, such as
residential buildings, factory buildings, warehouses, hotels, guesthouses, holiday
villages, office buildings, the complementary service facilities and land
development projects, such as roads, water supply, water drainage, power
supply, heating supply, telecommunications, land leveling and other
infrastructural projects. It does not include activities in pure land
development and transactions.
Private Fixed Asset
Investment
refers to the domestic enterprise and institutions of
collective or private or individual ,as well as its holding (including absolute
holding and relative holding) enterprises within the
Source of Funds for
Investment in Fixed Assets
refers 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
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
refers 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
refer 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.