FAI 2016

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

In 2016, investment in fixed assets (excluding rural households) reached 59.65 trillion yuan($8.98 trillion), up by 8.1 percent over last year in nominal terms (the real growth rate was 8.8 percent, after deducting price factors), and the growth rate was 0.2 percentage points lower than that in the first eleven months. In December, investment in fixed assets (excluding rural households) increased 0.53 percent month-on-month.

In terms of different industries, investment in the primary industry was 1.88 trillion yuan, up by 21.1 percent over last year, a decrease of 0.8 percentage points over the first eleven months; that of the secondary industry was 23.18 trillion yuan, up by 3.5 percent, an increase of 0.2 percentage points; that of the tertiary industry was 34.58 trillion yuan, up by 10.9 percent, a decrease of 0.4 percentage points.

In terms of different areas, investment in the eastern region amounted to 24.97 trillion yuan, a rise of 9.1 percent over last year, and the growth rate dropped by 0.4 percentage points over the first eleven months; that of the central region, 15.68 trillion yuan, increased 12.0 percent, a decrease of 0.6 percentage points; that of the western region, 15.41 trillion yuan, increased 12.2 percent, a decrease of 0.4 percentage points; that of the northeastern region, 3.06 trillion yuan, decreased 23.5 percent, with the pace of decline narrowing by 1.2 percentage points.

In terms of types of registration, investment by domestic enterprises was 56.82 trillion yuan, up by 7.8 percent over last year, and the growth rate dropped by 0.2 percentage points over the first eleven months; investment by funds from Hong Kong, Macao and Taiwan was 1.41 trillion yuan, up by 18.5 percent, an increase of 1.3 percentage points; and investment by foreign funds was 1.20 trillion yuan, up by 12.4 percent, a decrease of 0.4 percentage points.

In terms of jurisdiction of project management, central investment reached 2.52 trillion yuan, an increase of 4.9 percent over last year, and the growth rate increased 4.2 percentage points over the first eleven months; local investment was 57.13 trillion yuan, up by 8.3 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 112.06 trillion yuan, up by 10.0 percent over last year, and the growth rate increased 0.9 percentage points over the first eleven months. The total planned investment in newly-started projects was 49.33 trillion yuan, up by 20.9 percent year-on-year, a decrease of 0.1 percentage points.

In terms of paid-in funds, 60.69 trillion yuan had been invested, a rise of 5.8 percent over last year, and the growth rate increased 0.4 percentage points over the first eleven months. Of this total, the growth of government budgetary funds went up by 17.1 percent, an increase of 0.6 percentage points; investment from domestic loans went up by 9.9 percent, an increase of 1.0 percentage points; investment from self-raising funds went down by 0.1 percent, with the pace of decline narrowing by 0.3 percentage points; foreign investment decreased 20.5 percent, with the pace of decline widening by 0.1 percentage points; and other investment went up by 30.6 percent, a decrease of 0.9 percentage points.