3. Investment in Fixed Assets Enjoyed Relatively Fast Growth while Growth Rate of Investment in Real Estate Declined Slightly.

In the first three quarters, the investment in fixed assets (excluding rural households) was 30,920.8 billion yuan, a year-on-year growth of 20.2 percent (a real growth of 20.2 percent after deducting price factors), which was 0.1 percentage point higher than that in the first half of the year. Of this total, that in the state-owned and state holding enterprises reached 9,900.1 billion yuan, an increase of 17.6 percent; and private investment reached 19,661.1 billion yuan, up by 23.3 percent. In term of different areas, the growth in eastern, central and western regions was 18.8 percent, 23.4 percent and 23.0 percent respectively. The investment in the primary industry reached 679.9 billion yuan, up by 31.1 percent year-on-year; that in the secondary industry was 13,260.7 billion yuan, up by 17.1 percent; and that in the tertiary industry was 16,980.2 billion yuan, up by 22.3 percent. Of the investment in the secondary industry, that in industry reached 13,038.6 billion yuan, up by 17.7 percent. Of this total, the investment in mining was 983.5 billion yuan, up by 11.1 percent; manufacturing 10,677.3 billion yuan, up by 18.5 percent; and the production and supply of electricity, heat, gas and water 1,377.8 billion yuan, up by 17.0 percent. The investment in infrastructural facilities (excluding the production and supply of electricity, heat, gas and water) was 4,840.3 billion yuan, up by 25.1 percent year-on-year. The funds in place for investment in the first three quarters were 34,854.0 billion yuan, up by 20.4 percent. Specifically, the government budgetary funds went up by 16.6 percent, domestic loans up by 16.6 percent, self-raising funds up by 20.1 percent, and foreign investment down by 8.5 percent. The total planned investment in newly-started projects was 26,549.7 billion yuan, a year-on-year increase of 13.3 percent. The number of projects started in the first three quarters was 301,504, an increase of 25,228 year-on-year. In September, the investment in fixed assets (excluding rural households) went up by 1.28 percent month-on-month.

In the first three quarters, the total investment in real estate development was 6,112.0 billion yuan, a year-on-year growth of 19.7 percent (a real growth of 19.7 percent after deducting price factors), which was 0.6 percentage point lower than that in the first half of the year. Of this total, the investment in residential buildings went up by 19.5 percent, or 1.3 percentage points lower than that in the first half. Floor space of houses newly started in the first three quarters was 1,449.00 million square meters, up by 7.3 percent year-on-year. Specifically, the floor space of residential buildings started in the first three quarters increased by 6.4 percent. The floor space of commercial buildings sold reached 843.83 million square meters, up by 23.3 percent, or 5.4 percentage points lower than that in the first half. Of this total, that of residential buildings went up by 23.9 percent. The sales of commercial buildings in the first three quarters were 5,402.8 billion yuan, up by 33.9 percent, or 9.3 percentage points lower than that in the first half. Of this total, that of residential buildings was up by 34.5 percent. In the first three quarters, the land space purchased by real estate development enterprises was 251.67 million square meters, down by 3.3 percent, the decline of which was narrowed by 7.1 percentage points as compared with that in the first half of the year. At the end of September, the floor space of commercial buildings for sale was 446.36 million square meters, up by 36.6 percent, which was 2.6 percentage points lower than that at the end of June. In the first three quarters, the actual funds for real estate development enterprises reached 8,782.8 billion yuan, up by 28.7 percent, or 3.4 percentage points lower than that in the first half of the year. Specifically, the growth of domestic loans was up by 32.3 percent, self-raising funds up by 18.4 percent and foreign investment up by 23.4 percent.

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