Investment in Fixed Assets
FAI 2018
Updated: Feb 1, 2019
National Bureau of Statistics
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The Fixed-asset Investment(FAI) includes capital spent on infrastructure, property, machinery and other physical assets.
China’s fixed-asset investment (excluding rural households) grew 5.9 percent year-on-year in 2018, 0.5 percentage points faster than that recorded in the first three quarters.
In the first twelve months of 2018, investment in fixed assets (excluding rural households) reached 63.56 trillion yuan($9.60 trillion). The growth rate was unchanged from that in the first eleven months, a decrease of 1.3 percentage points from that in the same period of the previous year. In December, investment in fixed assets (excluding rural households) increased 0.42 percent month-on-month.
Private investment, accounting for about 62 percent of the total, posted a vigorous 8.7-percent increase, picking up pace from the 6-percent growth in 2017. As another bright spot, investment in high-tech and equipment manufacturing sectors remained strong, up by 16.1 percent and 11.1 percent, respectively.
In breakdown, investment in the primary industry gained 12.9 percent last year, quickening from 11.8-percent growth in 2017; investment in the secondary industry went up by 6.2 percent, up significantly from the 3.2-percent rise a year ago; investment in the tertiary industry expanded 5.5 percent in 2018.
In terms of different areas, investment in the eastern region rose by 5.7 percent year-on-year, and the growth rate decreased 0.1 percentage points from that in the first eleven months; that of the central region increased 10.0 percent, and the growth rate was unchanged from that in the first eleven months; that of the western region increased 4.7 percent, an increase of 0.8 percentage points; that of the northeastern region increased 1.0 percent, and the growth rate increased 0.3 percent points.
In terms of types of registration, investment by domestic enterprises went up by 6.5 percent year-on-year, and the growth rate increased 0.2 percent points from that in the first eleven months; investment by funds from Hong Kong, Macao and Taiwan went down by 11.5 percent, with the pace of decline widening by 5.4 percentage points; and investment by foreign funds went up by 6.1 percent, and the growth rate was unchanged from that in the first eleven months.
