Investment in Fixed Assets
FAI 2019
Updated: Feb 3, 2020
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 expanded steadily in 2019 with investment in high-tech industries leading the growth, official data showed.
According to the NBS data, the FAI (excluding rural households) increased 5.4 percent year-on-year to 55.15 trillion yuan($7.99 trillion) in 2019, 0.2 percentage points higher than the level recorded in the first 11 months. In December alone, the FAI went up 0.44 percent from November.
Investment in high-tech industries registered an outstanding growth of 17.3 percent year-on-year in 2019, with the FAI in high-tech manufacturing and service sectors up 17.7 percent and 16.5 percent, respectively. Private investment grew 4.7 percent to 31.12 trillion yuan last year.
In terms of different industries, investment in the primary industry was 1.22 trillion yuan, down by 0.1 percent year-on-year, with the pace of decline narrowing 2.3 percentage points from the first ten months; that of the secondary industry was 15.85 trillion yuan, up by 2.4 percent, and the growth rate faster 0.1 percentage points; that of the tertiary industry was 36.31 trillion yuan, an increase of 6.7 percent, and the growth rate decreased by 0.1 percentage points.
In terms of different areas, investment in the eastern region rose by 4.1 percent year-on-year, and the growth rate increased by 0.1 percentage points; that of the central region increased by 9.3 percent, and the growth rate remained unchanged; that of the western region increased by 4.9 percent, the growth rate remained unchanged; that of the northeastern region decreased by 3.7 percent, with the pace of decline narrowing 0.8 percentage points.
In terms of types of registration, investment by domestic enterprises went up by 5.4 percent year-on-year, and the growth rate kept the same level as that in the first ten months; investment by funds from Hong Kong, Macao and Taiwan went up by 2.5 percent, the growth rate increased by 0.2 percentage points; and investment by foreign funds went down by 0.6 percent, while up by 2.0 percent in the first ten months.
