固定资产投资INVESTMENT IN FIXED ASSETS
-119-Explanatory Notes on Main Statistical IndicatorsTotal Investment in Fixed Assets refers to the volume of activities
in construction and purchases of fixed assets and related fees during a
certain period of time, expressed in monetary terms.
Investment in Real Estate Development refers to the investment
made by real estate development enterprises in the construction of
buildings, development of land, nonprofit buildings and value of land
purchased.
Fund from the State Budget State budget consists of general
budget, government fund budget, operation budget of state-owned assets
and social security fund budget. Funds for investment in fixed assets
from various budgets are reported asfund from the state budget, of which,
the general budget utilized on fixed assets investment includes
investment on infrastructure construction, vehicle purchase tax,
post-disaster restoration and reconstruction funds and other financial
investment. Government bonds at all levelsshould also be included.
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 responsible authorities, special loans by
government (including loan for substituting petroleum with coal, special
loans for reform-through-labour coal mines), loans arranged by local
government from special funds, domestic reserve loan, and revolving
loan, etc.
Bond refer to the certificate of indebtedness issued by the enterprise or the financial institution to the investor for raising the capital of
fixed-asset investment with capital and interest promised to be repaid as per certain issue terms, including financial bond and enterprise bond.
Foreign Investment refers to overseas (including foreign countries,
Hongkong, 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 funds from foreign direct investment income that are reinvested in fixed assets domestically). Excluded from this category
is capital in foreign exchanges owned by China (foreign exchanges
owned by the central and local governments, foreign exchanges retained
by enterprises, foreign exchanges by enterprises through the regulating
mechanism, loansin foreign exchangesissued by the Bank of China with
its own fund, etc.). In calculating the utilization of foreign capital, foreign
currencies are converted into Chinese Renminbi applying the exchange
rate (central parity rate) at the end of the reference period.
Self-raised Funds refer to funds for investment in fixed assets
received during the reference period by investing units, includinginvestment in fixed assets using own funds of various enterprises andinstitutions or funds raised from other units other than financial funds,
funds borrowed from financial institutions and overseasfunds.
Other Funds refer to funds for investment in fixed assets receivedfrom sources other than those listed above, including funds raisedfromindividuals and through donations, and funds transferred fromotherunits.
Investment in Fixed Assets by Sector refers to the classificationofinvestment by the nature of social economic activities the investingunitsare engaged in. The classification of construction projects by sector isdetermined by the major products or the purpose of the projects whenthey are put into production or use, and by the nature of their social
economic activities, instead of being determined by industrial
classification of the project enterprises. The project will be classifiedaccording to major product if there are several kinds of products yielded.
In general, one project can only be classified into one sector.
Investment in Fixed Assets by Type of ConstructionConstruction projects in general can be classified, by the typeofconstruction, into new construction, expansion, reconstructionandtechnical transformation, purely construction of living facilities, moving,
restoration and purely purchasing. However, investment bytypeofconstruction is not applied to investment by real-estate development unitsand investment by rural households.
(1) New construction in general refers to construction projects,
which start from scratch. The existing projects invested by enterprises,
institutions and administrative agencies cannot be classifiedas newconstruction. In case the size of the existing unit is quite small, andthevalue of newly added fixed assets is more than three times of the original
value, the expansion will be considered as new construction.
(2) Expansion refers to projects of construction of newproductionworkshop, branch factory or independent production line within a factoryor in other locations, for the purpose of increasing the productioncapacity (or improving efficiency) or adding new production capacity.
Newly constructed accommodation for the operation of institutions andadministrative organizations (such as newly constructed buildings forteaching in schools, buildings for clinics or wards in hospitals, etc.) arealso classified as expansion.
Also included in expansion are investments by existing enterprisesor institutions in building major production line(s) or branch factory(ies)along with some work on innovation, for the purpose of expandingtheproduction capacity of original products or producing newproducts.
(3) Reconstruction and technical transformation refers toconstruction projects by existing enterprises or institutions in innovation
