FAI 2015

The Fixed-asset Investment(FAI) includes capital spent on infrastructure, property, machinery and other physical assets.

In 2015, investment in fixed assets (excluding rural households) reached 55.16 trillion yuan($8.86 trillion), up by 10.0 percent year-on-year in nominal terms (the real growth rate was 12.0 percent, after deducting price factors), and the growth rate was 0.2 percentage points lower over the first eleven months. In December, investment in fixed assets (excluding rural households) increased 0.68 percent month-on-month.

In terms of different industries, from January to December, investment in the primary industry was 1.56 trillion yuan, up by 31.8 percent year-on-year, an increase of 3.1 percentage points over the first eleven months; that of the secondary industry was 22.41 trillion yuan, up by 8.0 percent, a decrease of 0.1 percentage points; that of the tertiary industry was 31.19 trillion yuan, up by 10.6 percent, a decrease of 0.4 percentage points.

In terms of different areas, from January to December, investment in the eastern region amounted to 22.87 trillion yuan, a rise of 12.7 percent year-on-year, and the growth rate dropped by 0.3 percentage points over the first eleven months; that of the central region, 13.99 trillion yuan, surged 15.7 percent, a decrease of 0.1 percentage points; that of the western region, 13.74 trillion yuan, increased 9.0 percent, an increase of 0.1 percentage points; that of the northeastern region, 4 trillion yuan, decreased 11.2 percent, with the pace of decline widening by 0.5 percentage points.

In terms of types of registration, investment by domestic enterprises was 52.69 trillion yuan, up by 10.6 percent year-on-year, down by 0.2 percentage points over the first eleven months; investment by funds from Hong Kong, Macao and Taiwan was 1.19 trillion yuan, the same as that of last year (the growth rate was 0), while that of the first eleven months was up by 0.6 percent; and investment by foreign funds was 1.07 trillion yuan, down by 2.8 percent, with the pace of decline widening by 0.4 percentage points.

In terms of jurisdiction of project management, central investment reached 2.62 trillion yuan, an increase of 6.4 percent year-on-year, 6.2 percentage points higher over the first eleven months; local investment was 52.54 trillion yuan, up by 10.2 percent, a decrease of 0.5 percentage points.

Analysis of projects under construction or started this year showed that the total planned investment in projects under construction reached 101.92 trillion yuan, up by 4.3 percent year-on-year, a decrease of 1.3 percentage points over the first eleven months. The total planned investment in newly-started projects was 40.81 trillion yuan, up by 5.5 percent year-on-year, an increase of 0.8 percentage points.

In terms of paid-in funds, 57.38 trillion yuan had been invested, a rise of 7.7 percent year-on-year, a decrease of 0.2 percentage points over the first eleven months. Of this total, the growth of government budgetary funds went up by 15.6 percent, a decrease of 5.8 percentage points; investment from domestic loans went down by 5.8 percent, with the pace of decline widening by 1.5 percentage points; investment from self-raising funds went up by 9.5 percent, an increase of 0.3 percentage points; foreign investment decreased 29.6 percent, with the pace of decline widening by 1.5 percentage points; and other investment went up by 10.1 percent, an increase of 0.4 percentage points.