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China's Major Economic Indicators in October

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Sheng Laiyun

Spokesman

National Bureau of Statistics of China

11 November, 2009

 

1. The industrial production continued to speed up.

In October, the total value added of the industrial enterprises above designated size was up 16.1 percent year-on-year, or 7.9 percentage points lower than that in October 2008, or 2.2 percentage point higher than that in September 2009; it was the sixth consecutive month which witnessed a acceleration of year-on-year growth. In the first ten months of this year, it was up 9.4 percent year-on-year, which was down by 5.0 percentage points over that in the same period of last year, or 0.7 percentage points higher than that in the first nine months in 2009.

According to preliminary estimation, in October the value added of the industrial enterprises above designated size was up 0.8 percent month-on-month (it was 1.1 percent growth in September).

Analysis on different types of enterprises showed that in October, 2009 the growth of the state-owned and state holding enterprises went up by 13.7 percent; collective enterprises, 15.4 percent; share-holding enterprises, 19.0 percent; and 10.8 percent growth for enterprises funded by foreign investors or investors from Hong Kong, Macao and Taiwan province. The year-on-year growth of heavy industry in October was 18.1 percent, and 11.3 percent for the light industry.

Grouped by different sectors, in October all the 39 industrial divisions enjoyed year-on-year growth. Of this total, the growth of textile industry was 11.1 percent; the manufacture of raw chemical materials and chemical products, up by 25.4 percent; the manufacture of non-metallic mineral products, up by 18.4 percent; the manufacture of general machinery, 15.5 percent; the manufacture of transport equipment, 28.9 percent; the manufacture of electric machinery and equipment, 12.7 percent; the manufacture of communication equipment, computers and other electronic equipment, 7.2 percent; the production and supply of electricity, gas and water, up 9.7 percent; and the ferrous metal smelting and pressing, up by 25.1 percent.

In terms of different products, of the total 494 products, the output of 396 products showed a year-on-year growth. Of this total, the output of coal was 270 million tons, up by 21.1 percent over the previous year; that of crude oil was 16.25 million tons, down by 1.8 percent; that of electricity was 312.1 billion kilowatt-hours, up by 17.1 percent; that of pig iron was 51.75 million tons, up by 42.4 percent; that of cement was 160 million tons, up by 23.9 percent; that of motor vehicles was 1,310 thousand, up by 78.6 percent, of which, the output of cars was 710 thousand, up by 79.1 percent.

The sales ratio of industrial products in October was 98.02 percent, or 0.29 percentage points lower than that in the previous month. The total export delivery value of industrial enterprises was 665.9 billion yuan, down by 7.3 percent year-on-year.

2. Urban investment in fixed assets continued grow fastly.

In the first ten months of this year, the urban investment in fixed assets reached 15,071.0 billion yuan, up by 33.1 percent year-on-year, or 5.9 percentage points higher than that in the same period of last year; it was 0.2 percentage point higher than that in the first nine months of this year. Of this total, that in the state-owned and state holding enterprises reached 6,541.8 billion yuan, a rise of 39.0 percent; that in the real estate was 2,844.0 billion yuan, up by 18.9 percent.

Grouped by jurisdiction of project management, in the first ten months of this year, the central investment reached 1,350.2 billion yuan, the year-on-year growth was 18.8 percent while the local investment was 13,720.8 billion yuan, up by 34.8 percent. Grouped by status of registration, in the first ten months of this year, the investment by domestic enterprises was 13,858.2 billion yuan, up by 36.7 percent; investment by funds from Hong Kong, Macao and Taiwan was 507.6 billion yuan, up by 0.8 percent; and the investment by foreign funds was 621.8 billion yuan, up by 1.0 percent.

In the first ten months of this year, the investment in primary industry, secondary industry and the tertiary industry went up by 54.1 percent, 26.8 percent and 37.8 percent respectively. Grouped by different sectors, in the first ten months of this year, the investment in coal mining and washing was 234.9 billion yuan, up by 32.5 percent; that in production and supply of electric power and heat power 845.0 billion yuan, up 21.1 percent; extraction of petroleum and natural gas 182.1 billion yuan, down by 5.9 percent; railway transport 405.5 billion yuan, up 82.5 percent.

Analysis on projects under construction or started this year showed that in the first ten months of this year, projects under construction numbered 402,204, an increase of 95,435 over the same period of last year; the total planned investment in projects under construction reached 37,585.9 billion yuan, up by 36.6 percent year-on-year; projects newly started this year totaled 293,412, a rise of 85,329; the total planned investment was 12,461.0 billion yuan, up by 81.1 percent over the same period of last year.

In terms of funds in place for investment, in the first ten months of this year, 17,137.9 billion yuan had been invested, a year-on-year growth of 39.9 percent. Of this total, the growth of government budgetary funds went up by 76.3 percent; investment from domestic loans went up 49.2 percent; that from self-raising funds went up by 32.9 percent and that from foreign investment down by 12.9 percent.

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