Explanatory Notes on Major Statistical Indicators
【Investment in Fixed Assets】 Investment in fixed assets is the essential means for social
reproduction of fixed assets. By means of construction and purchase of fixed
assets, more advanced technologies and equipment are adopted in the national
economy, and new sectors are established, which promote the adjustment of
economic structure and the regional distribution of productive forces and
enhance the economic strengths so as to provide the material conditions for
improving people’s livelihood. This is significant for speeding up the drive of
socialist modernization in
Amount of 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, pace,
proportional relations and use orientation of the investment in fixed assets.
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
【Investment in Real Estate
Development】It includes the investment by
the real estate development companies, 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, water drainage, power supply, heating, telecommunications,
land leveling and other projects of infrastructure. It excludes the activities
in simple land transactions.
【Individual Investment in Rural
Areas】The individual investment in the rural areas includes the investment
in house construction and purchase of productive fixed assets by the
individuals in the rural areas.
【non-agricultural investment in
rural areas】 refers to the project which
the estimated total investment amount of its fixed assets built or bought by
the non-agriculture units in rural areas is over 5 million yuan.
The non-agricultural units include two kinds as below:
I.enterprises. 1.Collective Co. (including companies both directly managed by
collective leadership and rent to the private),2.Stock-hoiding
cooperation,3.Joint Ownership Enterprises,4.Limited liability
Corporations,5.Share-holding corporations Ltd.,6.Private enterprises,7.Joint
ventures or Cooperative Operation with Hong kong,
Macao and Taiwan,8.Foreign joint ventures or Cooperative Operation
Enterprises,9.other Enterprises
whether the associated companies and the joint ventures should be
considered as the rural fixed assets depends on whether they are actually
possessed or managed by rural communities or privates. Their investment amounts
refer to the capital which had been actually invested into the enterprises.
Private businesses which employ 8 or more workers should be considered as
enterprises in statistics
II. public
undertakings and public communities in rural areas.
【Newly Increased Fixed Assets】 refer to the newly increased value of fixed assets through
investment, including the value of projects completed and put into production,
the value of equipment, tools, and vessels considered as fixed assets, as well
as the relevant expenses as investment in fixed assets . This is a
comprehensive indicator of investment in fixed assets, reflecting the
achievements of investment in fixed assets in different periods, different sect
ors, and different regions.
【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. The calculation of newly increased production
capacity is based on individual project which operates independently and
efficiently. When an individual project is completed and checked and accepted
and put into production, it is counted as newly increased production capacity.
The newly increased production capacity and
project efficiency are usually expressed in one of the following forms:
(1)annual
production capacity, such as extraction of coal and petroleum;
(2)raw material
processing capacity, such as ore dressing capacity of ore dressing projects,
the dressing capacity of a coal washery;
(3)number or
capacity of major equipment increased, such as the number of cotton spindles
increased and the capacity of generating sets increased;
(4)physical
measures of construction, such as volume, capacity, area, and length, for
instance, the capacity of reservoirs, the length of railways or highways.
Newly increased production capacity in terms
of quantity is calculated in designed capacity in general, which refers to the
production capacity of a project under normal conditions designed in
construction documents regardless of the actual output.
【Statistical units in construction
industries】 refers to the legal
enterprises which build architectures or install equipments. The legal enterprises should meet all
the demands as follows, 1. being formed legally with
own name, organizational structure and working place. Can
fully bear civil responsibilities. 2. possessing
and using its own assets independently, which means it should be able to incur
liabilities and has right to make contracts with other enterprises. 3. should be an independent accounting unit which can draw
balance sheet.
【Gross Output Value of
Construction(Output Value of Projects Under Construction)】refers to total of construction products, expressed in money terms,completed by construction and installation
enterprises during a given period of time. It includes:
(1)Output value of construction projects,
that is the value of projects covered by the project budgets;
(2)Output value of installation projects,
that is the value of the installation of equipment,(excluding
the value of the equipment to be installed);
(3)Output value of repair of buildings and
structures, that is the value created through the repairs of buildings or
structures, but does not include the value of buildings or structures being
repaired and the value of the repair of production equipment;
(4)Output value of manufactured non-standard equipment, that is the
value of nostandard production equipment(including raw materials and
manufacturing cost)made for the construction project, and the equipment
manufactured by subsidiary workshops.
【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 then suspended in the current period.
【Floor Space of Buildings Completed】 refers to the floor space of buildings completed in the reference
period, which have come up to the designed standards and have been put into
use.
【Total Number of Machinery and
Equipment Owned by the Construction Enterprises】 refers
to the number of machines and equipment owned by the enterprises (or units, and
listed as the fixed assets of the enterprises(or units) by the end of the year,
including machinery and equipment for construction, production and
transportation.
【Total Power of Machinery and
Equipment Owned by the Construction Enterprises】 refer to
the total power of machinery and equipment owned by the enterprises(or units),
and listed as the fixed assets of the enterprises (or units) by the end of the
year, including machinery and equipment for construction, production and
transportation. The power of the machinery is calculated on basis of the
designed or verified capacity, covering the power of the machinery/equipment
and the separate power equipment serving the machinery/equipment (such as
electric motors), but excluding welders, transformers and boilers. The unit use
for the calculation of power is kilowatt, with horsepower converted to kilowatt
by 1horsepower=0.735 kilowatt.
【Income from Settlement of Projects】 refers to the income received by the construction enterprise/unit
from the completed portion of the project through settlement procedures with
the contracted during the reference period, and other charges to the contracted
as operational costs, such as facility fee, labor insurance premium, moving
cost of construction unit, as well as various types of claims to the
contracted.
【Profit from Settlement of Projects】 refers to profit realized through settled projects. It is calculated with the following formula: Profit from Settlement of Projects=Income from Settlement of projects-Settled Cost-Settled Taxes and Other Cost.