Total Investment in Fixed Assets in the Whole
Country
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. Total investment in fixed assets in the whole country includes, by
type of ownership, the investment by State-owned units, collective-owned units,
individuals, joint ownership units, share-holding units, as well as investments
by entrepreneurs from foreign countries and from
Urban Investment in Fixed Assets
refers to construction projects involving a total planned (or required) investment
of 500,000 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 Rural Areas
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 the
construction of house buildings. It is finished work in monetary terms.
Sources 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.
Fund from the
State budget consists of budgetary appropriation and loans from the State budget. More
specifically, it includes, from the budget of the central government, capital
construction fund (operation fund and non-operational fund), special expenses
(e.g. expenses on substituting petroleum with coal), loans from repayment,
discount fund, expenses on innovation and trial production of new products,
expenses on urban construction, expenses on temporary construction from
business departments, development fund for less developed areas, as well as
local budgetary fund transferred from the central budget.
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 loans
issued by banks from their self-owned funds and deposit, loans appropriated by
higher authorities, special loans by government (included special loans of coal
instead of oil, special loans of coal miner labour,etc.),
loans arranged by local government from special funds, domestic reserve loan,
and working loan.
Bonds refer to the funds for investment raised through the issuance of bonds by enterprise (company)
or financial institutions, included the corporate bonds and infrastructure
bonds issued by banks as the deputy of national professional investment
company.
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. Excluded from this category is
capital in foreign exchanges owned by
Self-raised
funds refer to
extra-budgetary funds for investment in fixed assets received during the
reference period by investing units from central government ministries, local
governments, enterprises and institutions, including their self-raised 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 Use of Funds
Construction
Project 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 Project 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 refers to the total value of equipment, tools, and
vessels purchased or self-produced 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.
Other Expenses refer to investment in assets construction and purchases, excluded in
above items, but not refer to the other financial expenses in operation. It
consist of purchase of old houses, purchase of animals by agricultural and
forestry units, planting and operating of various economic forest, compensation
for the loss of land and young crops, subsidies for moving, administration
expenses of construction units, and expenses on research and testing,
geological prospecting and designing, joint trial running, and the other
purchase introduction of technology and imports of equipment, transportation of
construction machines, loss of discarded projects, 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 refers to technical innovation and
transformation of the existing equipment and technical conditions undertaken by
enterprises and institutions for the purposes of technological advancement,
(including accessory facilities for production or for living and welfare
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 through investment, 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 and other construction expansion of increased 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.
Area of Commercialized Housing Sold
refers to total contracted area of commercialized housing (i.e. area of floor
space as designated in the formal contracts signed by both sides) during the
reference time. It constitutes floor space of completed housing and floor space
of future housing.
Value of Commercialized Housing Sold
refers to the total contracted value (i.e. 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 constitutes floor space of
completed housing and floor space of housing yet to be completed.