Explanatory Notes on Main Statistical Indicators

Total Investment in Fixed Assets　refers to the volume of activities in construction and purchases of fixed assets in monetary terms. It is a comprehensive indicator, which shows the size, composition and pace of the investment in fixed assets, providing basis for observing the progress of construction projects and evaluating results of investment. Total investment in fixed assets includes, by registration type of ownership, the investment by the state-owned units, collective units, individuals, joint ownership units, share-holding units, as well as investment by businessmen from foreign countries and from Hong Kong, Macao and Taiwan, and by other units. According to Chinese current management systems, the investment in fixed assets is classified into the following four parts: investment in capital construction, investment in innovation, investment in real estates development and other investment in fixed assets.

Investment in Capital Construction　refers to the new construction projects or extension projects and the related work of the enterprises, institutions or administrative units mainly for the purpose of expanding production capacity or improving project efficiency covering only projects each with a total investment of 5,000,000 RMB and over.

Investment in Innovation　Innovation refers to technological innovation (including the renewal of fixed assets) of the original facilities by the enterprises and institutions as well as the corresponding accessory facilities projects for production or for living and welfare purpose and the related work covering only projects each with a total investment of 5,000,000 RMB and over.

Other Investment in Fixed Assets　refers to the construction and purchases of fixed assets not listed in the investment capital construction, investment in innovation and investment in real estate development.

Sources of Funds for Investment in Fixed Assets　According to various sources of funds of investment in fixed assets, it is divided into state budgetary appropriation, domestic loans, foreign investment, self-raised funds, and other sources of funds.

(1) State budgetary appropriation　refers to appropriation in the budget of the central and local governments earmarked for capital construction and for innovation projects, and the special appropriation from the budget of the central government for capital construction and for the transfer fund to banks to be issued as loans for capital construction projects.

(2) Domestic loans　refer to various funds borrowed by enterprises and institutions from banks and non-bank financial institutions during the reference period for the purpose of investment in fixed assets.

(3) Foreign investment　refers to foreign funds received during the reference period for the purpose of investment in fixed assets, including foreign funds borrowed and managed by the government, by individual units, foreign fund in joint venture program, and issue of bonds and stocks at the international financial markets. The foreign funds borrowed and managed by the government refer to foreign loans borrowed by the government from foreign governments, organizations, or financial institutions under official agreements signed by both parties, under which government is responsible for the repayment of both the principal and interests of the foreign loans.

(4) Self-raised funds　refer to funds received by construction enterprises from their higher responsible authorities, local governments, or raised by enterprises or institutions themselves for the purpose of investment in fixed assets during the reference period.

(5) Other　srefer to funds received during the reference period, which are not included in the above-mentioned sources.

Investment in Fixed Assets by Sector　The classification of construction projects by sector is determined  by the major products or the purpose of the projects when they are put into production or use, and by the nature of their social economic activities. The investment in capital construction is classified by construction projects, while investment in innovation, other investment by state-owned units and urban collective units are classified according to the sector which the whole enterprises or institution belongs to. In general, one project or one enterprise or institution can only belong to one sector. In order to reflect more accurately the proportions among various sectors, the branch factories of integrated complex are classified into different sectors according to their economic activities.

Investment in Fixed Assets by Type of Construction　The construction projects in general can be classified by the type of construction into new construction, expansion, reconstruction and moving away. In capital construction, the type of construction is determined by the condition of the project. In investment, in innovation, in other investment by state-owned units and investment by collective-owned units, the type of construction is determined by the condition of the whole enterprise or institution. Investment by type of construction is not applied to investment by real-estate development units, investment in rural areas and investment in housing by urban individuals.

(1) New construction in general refers to newly constructed units. In the case in which the value of the original fixed assets is quite small, and the value of newly added fixed assets exceeds the original ones by three times, the expansion construction is considered as new construction.

(2) Expansion refers to construction of new major production workshop or independent production line within a factory or in other locations, or construction of a branch factory so as to increase the production capacity of the original products. Newly constructed business houses in institutions and administrative organizations (such as the newly constructed teaching buildings in schools, clinics or bed building in hospitals, and office buildings in administrative agencies, etc.) are also classified as expansion.

(3) Reconstruction refers to technical conditions undertaken by enterprises and institutions for the purposes of technological advancement, improvement in product quality, enlarging variety of products, promoting new generation of products, reducing production consumption and cost, promoting comprehensive utilization of resources, strengthening treatment of waste gas, waste water and solid wastes, and safety in production, etc. through application of new technologies and techniques, use of new equipment and new materials(including accessory facilities for production or for living and welfare purposes). Construction of new workshops for improving existing production capacity rather than increasing production capacity is also considered as reconstruction.

Capital Construction Projects by Size　is the types of construction projects based on the total scale (designed producing capacity or project efficiency) or total investment set, according to Standards for the Classification of Construction Projects into Large, Medium-sized and Small Ones. The classification of size of construction projects or total plan investment should be determined according to the total scale or total investment set in the approved construction plan by higher responsible authorities or in the tentative design, otherwise according to the total scale or total investment set in the current capital construction plan of the state, provinces, autonomous regions, and municipalities directly under central government.

Projects Under Construction　refer to projects having construction and installation activities undertaken in the reference period, irrespective of the length of construction. The number of projects under construction can reflect the actual size of investment in fixed assets during a certain period, and when compared with the number of projects completed and put into use, it can reflect the efficiency of investment in fixed assets from the perspective of the speed of construction. Depending on the nature of construction activities, projects under construction can also be classified into projects under construction in current year, winding-up projects in current year and stopped or suspended projects in previous years.

Projects Completed and Put into Use　Industrial projects refer to the major projects and accessory facilities completed which result in forming production capacity and have been checked and accepted while the living and welfare facilities have been completed and can ensure normal production and formally put into production. Non-industrial projects refer to the major projects and accessory facilities completed which posses the designed capacity and have been checked, accepted and formally put into production.

Newly Increased Production Capacity　refers to the increase of designed capacity and project efficiency through investment in fixed assets, which reflects the accomplishment of investment in fixed assets in kind and is one of the important indicators of observing efficiency the economic efficiency of investment.

Floor Space of Buildings Under Construction and Completed　refers to total floor space in each story of buildings calculated from the outside line of building walls, including both usable space and the space occupied by constructions like pillars or walls. The floor space of multi-story buildings includes the total floor space of each story (including basement).

Floor Space of Residential Buildings　refers to the floor space of the residential buildings under construction and completed among the total space of buildings under construction and completed.

Floor Space under Construction　refers to total floor space of all buildings under construction during the reference period, including floor space of newly started buildings during the reference period, floor space of construction extended from the previous period to the current period, floor space of construction suspended during the previous period and resumed in the current period, floor space of construction completed in the current period, and floor space of construction started and the suspended in the current period.

Floor Space of Buildings Completed　refers to the total floor space of buildings completed in the reference period, which have come up to the designed standards and have been put into use.

Completed Rate of Floor Space of Buildings　refers to the ratio of the floor space of buildings completed in certain period of time to the floor space of buildings under construction in the same period that reflects the investment result and economic efficiency of the construction industry from the angle of the speed of project construction.

Newly Increased Fixed Assets　refers to the value of investment in fixed assets which completed the construction and purchases and put into production or use. It is a value indicator of achievements of investment in fixed assets, reflecting the progress of construction and calculating the efficiency of investment in fixed assets.

Rate of Construction Projects Completed and Put into Use　refers to the ratio of the number of construction projects completed and put into use in certain period of time to the number of projects under construction in the same period. This reflects the investment efficiency from the angle of the speed of projects construction.

Rate of Projects of Fixed Assets Completed and Put into Operation　refers to the ratio of the newly increase fixed assets to the total investment made in the same period. This is a comprehensive indicator, reflecting the speed of the employment of fixed assets and the investment efficiency.

Real Estate Development and Investment　It includes the investment by the real estate development companies of various registration types, commercial buildings construction companies and other real estate development units of various types of ownership in the construction of house buildings, such as residential buildings, factory buildings, warehouses, hotels, guesthouses, holiday villages, office buildings, and the complementary service facilities and land development projects, such as roads, water supply, power supply, heating, telecommunications, land leveling and other projects of infrastructure. It excludes the activities in simple land transactions.

Investment in Commercial Buildings　refers to the investment in residential buildings, workshops, warehouses, hotels, official buildings, houses completed pulled down and returned, unified construction buildings and related service establishment for sale or rent by real estate development enterprises.

Residential Buildings　refers to houses simply for resident, including villas, apartments, dormitory for staff and workers and students. It excludes the basements without people living in residential buildings.

Commercial Buildings　refer to buildings for external business belongs to commercial, grain, supply-sales and catering departments and so on. Such as buildings of holiday villages, hotels, shops, grain shops, bookstores, supply-sales stores, catering restaurants, vegetable stores, gas stations and daily facilities stores.

Developed Land Area Completed　refers to the land area of land development and prophase development projects completed, which can carry out construction or remise.

Purchased Land Area in Current Year　refers to the land area accessible by various means in reporting period.

Area of Commercialized Housing Sold　refers to total contracted area of commercialized housing (i.e. area of floor space as designated in the formal contracts signed by both sides)during the reference time. It constitutes floor space of completed housing and floor space of future housing.

Value of Commercialized Housing Sold　refers to the total contracted value (i.e. value of sales/purchase for selling/purchase of commercialized housing as designated in the contract signed by both sides) during the reference time. This indicator has the same coverage as the area of commercialized housing sold, which constitutes as the area of commercialize housing sold, which constitutes floor space of completed housing and floor space of future housing.

Space of Commercial Houses for Sale　refers to the space of commercial houses which are completed, for sale or rent but not yet in report period. It includes space of houses completed in former years and this period, but excludes space of houses completed during report period but unable to be sell or rent, such as houses completed pulled down and returned, unified construction buildings, public complementary buildings, houses for real estate companies owner-occupied and houses for turnover.

Actually Got Capital　refers to capital that enterprises actually got from all the investors, including capital in kind, in form of money, as intangible assets participating enterprises such as inventions or technological achievements.