China's Major Economic Indicators in November
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Sheng Laiyun
Spokesman
National Bureau of Statistics of China
11 December 2010
1. The industrial production realized steady growth.
In November, the total value added of the industrial enterprises above designated size was up 13.3 percent year-on-year, or 0.2 percentage point higher than that in October 2010; in the first eleven months of this year, it was up 15.8 percent year-on-year, which was down by 0.3 percentage point over that in the first ten months of 2010.
Analysis on different types of enterprises showed that in November 2010, the growth of the state-owned and state holding enterprises was up by 10.9 percent; collective enterprises, 10.8 percent; share-holding enterprises, 14.4 percent; and 11.7 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 November was 13.6 percent, and 12.7 percent for the light industry.
Grouped by different sectors, in November all the 39 industrial divisions kept year-on-year growth. Of this total, the growth of textile industry was 8.9 percent; the manufacture of raw chemical materials and chemical products, up by 11.0 percent; the manufacture of non-metallic mineral products, up by 18.0 percent; the manufacture of general machinery, 19.0 percent; the manufacture of transport equipment, 18.1 percent; the manufacture of electric machinery and equipment, 17.4 percent; the manufacture of communication equipment, computers and other electronic equipment, 14.0 percent; the production and supply of electricity, gas and water, up 7.1 percent; and the ferrous metal smelting and pressing, up by 4.9 percent.
In terms of different products, of the total 503 products, the output of 407 products in November showed a year-on-year growth. Of this total, the output of crude oil was 17.52 million tons, up by 11.8 percent; that of electricity was 345.3 billion kilowatt-hours, up by 5.6 percent; that of pig iron was 50.17 million tons, up by 4.8 percent; that of cement was 176.58 million tons, up by 17.3 percent; that of motor vehicles was 1,821 thousand, up by 27.6 percent, of which, the output of cars was 969 thousand, up by 28.2 percent.
The sales ratio of industrial products in November was 97.5 percent, or 0.4 percentage point lower than that in November, 2009. The total export delivery value of industrial enterprises was 828.7 billion yuan, up by 20.8 percent year-on-year.
2. The urban investment in fixed assets kept steady and fast growth.
In the first eleven months of this year, the urban investment in fixed assets reached 21,069.8 billion yuan, up by 24.9 percent year-on-year, or 0.5 percentage point higher than that in the first ten months of this year. Of this total, that in the state-owned and state holding enterprises reached 8,752.0 billion yuan, a rise of 19.0 percent; that in the real estate development was 4,269.7 billion yuan, up by 36.5 percent.
Grouped by jurisdiction of project management, in the first eleven months of this year, the central investment reached 1,683.7 billion yuan; the year-on-year growth was 10.2 percent while the local investment was 19,386.1 billion yuan, up by 26.4 percent. Grouped by status of registration, in the first eleven months of this year, the investment by domestic enterprises was 19,582.6 billion yuan, up by 26.2 percent; investment by funds from Hong Kong, Macao and Taiwan was 671.7 billion yuan, up by 17.9 percent; and the investment by foreign funds was 722.9 billion yuan, up by 5.3 percent.
In the first eleven months of this year, the investment in primary industry, secondary industry and the tertiary industry went up by 16.6 percent, 22.7 percent and 26.9 percent respectively. Grouped by different sectors, in the first eleven months of this year, the investment in production and supply of electric power and heat power was 1,019.1 billion yuan, up 7.9 percent; extraction of petroleum and natural gas 219.4 billion yuan, up by 5.8 percent; railway transport 582.2 billion yuan, up 25.3 percent.
Analysis on projects under construction or started this year showed that in the first eleven months of this year, projects under construction numbered 439,758, an increase of 10,288 over the same period of last year; the total planned investment in projects under construction reached 49,829.7 billion yuan, up by 26.8 percent year-on-year; projects newly started this year totaled 301,937, a decrease of 15,075; the total planned investment in newly started projects was 17,234.5 billion yuan, up by 25.9 percent over the same period of last year.
In terms of funds in place for investment, in the first eleven months of this year, 23,844.1 billion yuan had been invested, a year-on-year growth of 25.8 percent. Of this total, the growth of government budgetary funds was up by 14.2 percent; investment from domestic loans went up by 24.8 percent; that from self-raising funds went up by 29.6 percent and that from foreign investment grew by 6.7 percent.
3. Total retail sales of consumer goods showed steady growth.
In November, the total retail sales of consumer goods reached 1,391.1 billion yuan, a year-on-year rise of 18.7 percent, which was 0.1 percentage point higher 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 13,922.4 billion yuan, a year-on-year growth of 18.4 percent, which was 0.1 percentage point higher than that in the first ten months of this year.
Analyzed by different areas, the retail sales in urban areas reached 1,204.6 billion yuan in November, up by 19.0 percent, and the retail sales in rural areas stood at 186.5 billion yuan, up by 17.0 percent.
Grouped by consumption patterns, the total income of catering services was 160.1 billion yuan in November, up by 19.6 percent year-on-year, and that of retail goods was 1,231.0 billion yuan, up 18.6 percent. Of this total, the total retail sales of enterprises (units) above designated size were 540.0 billion yuan, up by 30.7 percent.