China sees higher investment in fixed assets, property development in Q1 -Shanghai Metals Market

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China sees higher investment in fixed assets, property development in Q1

Data Analysis 04:31:00PM Apr 17, 2018 Source:SMM

SHANGHAI, Apr 17 (SMM) – China’s investment in fixed assets, excluding rural households, stood at 10.08 trillion yuan in the first quarter of this year, up 7.5% year on year, according to latest data from the National Bureau of Statistics on Tuesday April 17. The growth was 0.4 percentage point slower than in the first two months of this year.

Of the total, private investment in fixed assets amounted to 6.24 trillion yuan, up 8.9% year on year.

The investment in the primary industry in the first quarter came in at 290 billion yuan, up 24.2% on the year, but the growth was 3.6 percentage points slower than the first two months.

The investment in the secondary industry in the three-month period came in at 3.58 trillion yuan, up 2% on the year, 0.4 percentage point slower than the first two months. The investment in mining saw a 2.5% year-on-year rise, compared to a 13% decline in the first two months. The investment in manufacturing increased 3.8% year on year, 0.5 percentage point slower than the first two months. The power, heat, gas and water production and supply industry saw investment fall 8.9% year on year during January-March, 2.8 percentage points deeper than the first two months.

The investment in the tertiary industry in the first quarter came in at 6.21 trillion yuan, up 10% year on year. The investment in infrastructure, excluding power, heat, gas and water production and supply, rose 13% year on year. The investment in water conservancy went up 10.1% year on year, while the investment in public facility management rose 13.4%. Road transportation investment went up 18.9%, but the investment in railway transportation cooled by 5.1% on the year.

Separately, total investment in property development in the first quarter stood at 2.13 trillion yuan, up 10.4% from the same period last year, while the growth is 0.5 percentage point faster than the first two months. This was better than the market expectations and marked the largest growth in three years.

 


For editorial queries, please contact Daisy Tseng at daisy@smm.cn 
For more information on how to access our research reports, please email service.en@smm.cn

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China sees higher investment in fixed assets, property development in Q1

Data Analysis 04:31:00PM Apr 17, 2018 Source:SMM

SHANGHAI, Apr 17 (SMM) – China’s investment in fixed assets, excluding rural households, stood at 10.08 trillion yuan in the first quarter of this year, up 7.5% year on year, according to latest data from the National Bureau of Statistics on Tuesday April 17. The growth was 0.4 percentage point slower than in the first two months of this year.

Of the total, private investment in fixed assets amounted to 6.24 trillion yuan, up 8.9% year on year.

The investment in the primary industry in the first quarter came in at 290 billion yuan, up 24.2% on the year, but the growth was 3.6 percentage points slower than the first two months.

The investment in the secondary industry in the three-month period came in at 3.58 trillion yuan, up 2% on the year, 0.4 percentage point slower than the first two months. The investment in mining saw a 2.5% year-on-year rise, compared to a 13% decline in the first two months. The investment in manufacturing increased 3.8% year on year, 0.5 percentage point slower than the first two months. The power, heat, gas and water production and supply industry saw investment fall 8.9% year on year during January-March, 2.8 percentage points deeper than the first two months.

The investment in the tertiary industry in the first quarter came in at 6.21 trillion yuan, up 10% year on year. The investment in infrastructure, excluding power, heat, gas and water production and supply, rose 13% year on year. The investment in water conservancy went up 10.1% year on year, while the investment in public facility management rose 13.4%. Road transportation investment went up 18.9%, but the investment in railway transportation cooled by 5.1% on the year.

Separately, total investment in property development in the first quarter stood at 2.13 trillion yuan, up 10.4% from the same period last year, while the growth is 0.5 percentage point faster than the first two months. This was better than the market expectations and marked the largest growth in three years.

 


For editorial queries, please contact Daisy Tseng at daisy@smm.cn 
For more information on how to access our research reports, please email service.en@smm.cn