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China's Major Economic Indicators in November

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2. Urban investment in fixed assets kept fast growth.

In the first eleven months of this year, the urban investment in fixed assets reached 16,863.4 billion yuan, up by 32.1 percent year-on-year, or 5.3 percentage points higher than that in the same period of last year; it dropped by 1.0 percentage point over that in the first ten months of this year. Of this total, that in the state-owned and state holding enterprises reached 7,353.5 billion yuan, a rise of 37.8 percent; that in the real estate was 3,127.1 billion yuan, up by 17.8 percent.

Grouped by jurisdiction of project management, in the first eleven months of this year, the central investment reached 1,527.7 billion yuan; the year-on-year growth was 16.4 percent while the local investment was 15,335.7 billion yuan, up by 33.9 percent. Grouped by status of registration, in the first eleven months of this year, the investment by domestic enterprises was 15,513.2 billion yuan, up by 35.6 percent; investment by funds from Hong Kong, Macao and Taiwan was 569.6 billion yuan, up by 1.5 percent; and the investment by foreign funds was 686.5 billion yuan, down by 0.1 percent.

In the first eleven months of this year, the investment in primary industry, secondary industry and the tertiary industry went up by 51.5 percent, 26.1 percent and 36.6 percent respectively. Grouped by different sectors, in the first eleven months of this year, the investment in coal mining and washing was 261.4 billion yuan, up by 33.6 percent; that in production and supply of electric power and heat power 944.2 billion yuan, up 20.2 percent; extraction of petroleum and natural gas 207.5 billion yuan, down by 6.5 percent; railway transport 464.6 billion yuan, up 80.7 percent.

Analysis on projects under construction or started this year showed that in the first eleven months of this year, projects under construction numbered 429,470, an increase of 100,493 over the same period of last year; the total planned investment in projects under construction reached 39,308.7 billion yuan, up by 36.3 percent year-on-year; projects newly started this year totaled 317,012, a rise of 88,236; the total planned investment was 13,692.2 billion yuan, up by 76.6 percent over the same period of last year.

In terms of funds in place for investment, in the first eleven months of this year, 18,948.7 billion yuan had been invested, a year-on-year growth of 39.2 percent. Of this total, the growth of government budgetary funds went up by 69.8 percent; investment from domestic loans went up 46.4 percent; that from self-raising funds went up by 32.2 percent and that from foreign investment down by 15.2 percent.

3. Total retail sales of consumer goods maintained steady growth.

In November, the total retail sales of consumer goods reached 1,133.9 billion yuan, a year-on-year rise of 15.8 percent, which was 5.0 percentage points lower than that in November 2008, or 0.4 percentage point lower than that in the previous month of this year. In the first eleven months of this year, the total retail sales of consumer goods were 11,273.3 billion yuan, a year-on-year growth of 15.3 percent, or down by 6.6 percentage points over that in the same period of last year. It maintained the same level over that in the first ten months of this year.

Analyzed by different areas, the retail sales in cities reached 760.6 billion yuan in November, up by 16.5 percent, and the retail sales at and below county level stood at 373.3 billion yuan, up by 14.4 percent.

Grouped by different sectors, in November, the sales by wholesale and retail businesses reached 957.3 billion yuan, up by 16.4 percent, that by lodging and catering industry was 157.5 billion yuan, up by 14.4 percent, others 19.1 billion yuan, up 1.6 percent.

Grouped by commodity categories, the sales of grain and oil went up by 14.5 percent; meat, poultry and eggs up by 6.8 percent; clothing, up 25.8 percent; articles for daily use, up 16.5 percent; household appliances, music and video equipment, up 24.9 percent; motor vehicles, up 61.5 percent; petroleum and products, up 16.4 percent; building and decoration materials, up 43.3 percent.

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