Amount of Investment in Fixed Assets refers to the sum in monetary terms of the volume of activities in the construction and purchase of fixed assets as well as related expenses. It is not only a comprehensive indicator of the size, proportional relations and developmental pace of investment in fixed assets, but also an important basis to follow the progress of projects and check the result of investment on. Total investment in fixed assets includes investment by state-owned units, urban and rural collective units, units of other types of ownership and individuals in urban and rural areas. According to China's current statistics system, investment in fixed assets is classified into two parts: urban and rural. Investment by urban and rural collective units includes investment by urban collective units and investment by rural collective units. Investment by units of other types of ownership includes investment by units of joint ownership economy, shareholding economy, Sino-foreign joint economy, Sino-foreign cooperative economy, economy exclusively funded by foreign investors, joint economy with the mainland, cooperative economy with the mainland, economy exclusively funded by compatriots from Hong Kong, Macao and Taiwan and units of other types of ownership. Investment by individuals in urban and rural areas includes investment in personal housing in areas under the jurisdiction of the city, county, town and special industrial and mining areas as well as investment in personal housing and purchase of productive fixed assets in rural areas.
Investment in Capital Construction refers to investment in new construction projects or extension projects and related operations of enterprises, institutions or administrative units mainly for the purpose of expanding production capacity or improving project efficiency.
Investment in Renovation refers to investment in the renewal of fixed assets and technological innovation of original facilities by enterprises and institutions as well as corresponding supplementary projects and related operations (excluding overhaul and major maintenance projects).ª¥
Investment in Real Estate Development includes investment by real estate developers, commercial builders and other units of real estate development of various statuses of registration in the construction of house buildings, such as residential buildings, factory buildings, warehouses, restaurants, hotels, holiday resorts, office buildings, and complementary service facilities and land development projects, such as roads, water supply, water drainage, power supply, heating, telecommunications, land leveling and other projects of infrastructure. This indicator covers the activities of non-real estate companies engaged in real estate development or management, but excludes simple land transactions.
Other Investment in Fixed Assets refers to investment in the construction and purchase of fixed assets other than investment in capital construction, renovation and real estate development. This includes:
(1) The following projects of state-owned units with a planned total investment (or actually needed investment) of 500,000 yuan and over, which are not included in the plan of capital construction or renovation: (a) projects of oil field maintenance and exploitation with oil field maintenance funds and petroleum development funds; (b) opening and extending projects with maintenance funds in coal, ore and other mining enterprises and logging enterprises; (c) reconstruction projects of existing highways and bridges with highway maintenance funds by departments of communication; (d) warehouse construction projects with simple construction funds by departments of commerce.ª¤
(2) Investment in fixed assets by urban collective units, which refers to projects of construction and purchase of fixed assets with a planned total investment (or actually needed investment) of 500,000 yuan and over by all collective units under the leadership of cities under the direct jurisdiction of provincial governments, county-level
cities, and county towns (exclusive of county towns under the jurisdiction of township enterprise authorities), which are not included in the plan of capital construction or renovation.
(3) Projects of construction and purchase of fixed assets by enterprises, institutions or individuals other than those mentioned above with a planned total investment (or actually needed investment) of 500,000 yuan and over, which are not included in the plan of capital construction or renovation.
(4) Private house construction in urban areas and industrial and mining areas, including all private house construction under the jurisdiction of cities, county towns, towns and industrial and mining areas, whether or not the owners of the houses are registered as permanent residents in the locality.
(5) Investment of 500,000 yuan or above by non-rural household and individual investment by rural households in rural areas, which are not included in the plan of capital construction or renovation:
Sources of Funds for Investment in Fixed Assets are classified into state budgetary appropriations, domestic loans, bonds, foreign investment, fundraising and others.
(1) State budgetary appropriations refer to financial appropriations and loans under financial arrangement, including appropriations in the budget of the central government earmarked for capital construction, special appropriations, reloans, discountª²interest funds, appropriations for innovation and trial manufacturing of new products, appropriations for city construction, appropriations for simple construction by departments of commerce and funds for investment in fixed assets from the development funds for underdeveloped areas, as well as appropriations in the budget of local governments earmarked for investment in fixed assets.
(2) Domestic loans refer to various funds borrowed by enterprises and institutions 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 own funds and deposit, loans appropriated by higher responsible authorities, special loans by government (including loan for replacing petroleum with coal, special loan for reform-through-labor coal mines), loans arranged by local governments from special funds, domestic reserve loan, and working loan, etc.
(3) Bonds refer to funds raised by enterprises (companies) and financial institutions through issuing various bonds for the purpose of investment in fixed assets, including key enterprise bonds and key construction bonds issued through the agency of banks.
(4) Foreign investment refers to foreign funds received during the reference period for the purpose of construction and purchase of fixed assets (including equipment, materials and technologies). It includes foreign loans, foreign direct investment and other foreign investment, but excludes self-owned foreign exchanges of China.
(5) Fundraising refers to extra-budgetary funds received and raised by enterprises and institutions at all levels during the reference period for the purpose of investment in fixed assets, including funds raised by various departments under the central government, government departments of various levels, enterprises and institutions.
(6) Other funds refer to funds received during the reference period for the purpose of investment in fixed assets which are not included in the above-mentioned sources, including mass financing, individual funds, donations and funds from other units.
Newly Increased Production Capacity (or Project Efficiency) refers to the increase of designed capacity or project efficiency through investment in fixed assets, which is not only an indicator of the accomplishment in kind of investment in fixed assets but also an important basis to check the economic result of investment on..
Floor Space of Buildings refers to level cross-section floor space in each story of buildings calculated from the outside line of building walls above the plinth, including the effective space and structural space occupied by constructions. It is one of the important indicators of construction size and results, as well as an important foundation for checking the progress of projects, calculating the value of project, analyzing the investment result and studying the balance between building materials.
Residential Buildings refer to buildings used as residence by people, including dormitories for families of
staff and workers, mass dormitories like those for single workers and students, and various apartments. The floor space of residential buildings excludes the floor space of basement used for air-raid shelters and other purposes than residence and apartments used as offices.
Floor Space under Construction refers to total floor space of all buildings under construction during the reference period, including floor space of newly started buildings during the reference period, floor space of construction extended from the previous period to the current period, and floor space of construction suspended during the previous period but resumed in the current period. Floor space of construction completed in the current period and floor space of construction started and then suspended in the current period are also included in floor space under construction.
Floor Space of Buildings Completed refers to total floor space of all buildings completed in the reference period, which have come up to the designed standards with proper conditions of residence and use, and have been examined and accepted (or met the standards for completion), and put into use.
Completion Rate of Floor Space of Buildings refers to the ratio of the floor space of buildings completed in a certain period of time to the floor space of buildings under construction in the same period, which reflects the investment result of the construction industry from the perspective of the speed of project construction.
Newly Increased Fixed Assets refer to the value of fixed assets which have been completed and transfered to production units or users. It is a value indicator of the achievements of investment in fixed assets as well as an important basis to evaluate the result of investment in fixed assets on.
Rate of Projects of Fixed Assets Completed and Put into Use refers to the ratio of newly increased fixed assets to total investment made in the same period. It is a comprehensive indicator of the speed of the deployment of fixed assets and investment efficiency.
Rate of Construction Projects Completed and Put into Use is the inverse indicator of construction period, referring to the ratio of the number of construction projects completed and put into use in certain period of time to the number of projects under construction in the same period. This reflects the investment efficiency from the perspective of the speed of project construction.
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