Explanatory Notes on Main Statistical Indicators

Total Investment in Fixed Assets includes urban investment in fixed assets (including the investment in real estate development) and rural investment in fixed assets.

Investment in Urban Fixed Assets refers to investment in construction projects with a total planned investment over RMB 5,000,000 (inclusive) by enterprises with various types of registration, institutions, administrative units and individuals in urban areas. The investment in construction projects under the direct leadership and management of government agencies at and above town levels and investment by enterprises and public institutions are also calculated in investment in urban fixed assets.

Investment in Rural Fixed Assets refers to all investment activities that are conducted in rural areas to meet the production and living needs of the rural residents. Investment in rural fixed assets consists of investment in fixed assets by rural and non-rural households.

Incremental Fixed Assets Investment means the value of fixed assets put into use in the reporting period, including investment in projects completed and put into use within the year, and investment in equipment, tools and appliances that reach the standard of fixed assets, together with expenses incurred in these activities. Other construction costs adding value to fixed assets shall be calculated in the incremental fixed assets together with the projects put into use.

Infrastructure Investment refers to investment that provides intermediate inputs for enterprise to meet their basic production needs, provides consumers with basic consumer services needed, or provides communities with services for improving external environment, which includes the investment in municipal projects, telecom projects, public facilities, water conservancy and environmental protection.

Surplus Funds by the Year End of the Previous Year refers to the fund in the previous year that was not included in the investment in fixed assets, including the value of materials not yet used for projects, value of equipment to be installed, and balance of cash and bank deposits.

Subtotal of Funds at Current Year refers to monetary capital received by investors that was used for investment in fixed assets, including funds from state budgetary funds, domestic loans, bonds, foreign investment, self-raised funds and other funds.

State Budgets consists of budgetary appropriation and government loans. More specifically, it consists of infrastructure fund from the central government (operating fund and non-operating fund), earmarked expenditures (e.g. expenditures on replacing oil with coal), refinancing, discount interest funds, expenditures on technical updates, transformation and new products promotion, expenses on urban construction, expenses on temporary construction from business departments, development funds for less developed areas, as well as local budgetary funds transferred from the central budget.

Domestic Loans refer to loans of various forms borrowed by fixed assets investment project entities from banks and non-bank financial institutions for the purpose of investment in fixed assets during the reporting period, including loans issued by banks from their equity funds and deposits, loans appropriated by higher authorities, special loans allocated by the central government (including loans for replacing oil with coal, and special loans for labor camp coal mines), loans arranged by local government from special funds, domestic reserve loans and revolving loans.

Foreign Investment refers to foreign funds received during the reporting period for the investment in construction and purchase of fixed assets (including equipment, materials and technologies), including foreign direct investment, foreign loans (loans from foreign governments and international financial institutions, export credit, commercial loans from foreign banks, issued bonds and stocks overseas), and other foreign investments (including funds for domestic re-investment in fixed assets by earnings from foreign investment). It does not include foreign exchanges owned by China (foreign exchanges owned by the central and local governments, foreign exchanges retained, foreign exchange swap, loans in foreign exchanges issued by the domestic banks with their own funds, etc.).

Self-raised Funds refer to non-budgetary funds for investment in fixed assets received during the reporting period by different regions, departments, enterprises and public institutions, including self-owned funds of central departments, local authorities, enterprises and public institutions.

Other Funds refer to funds for investment in fixed assets received from sources other than those listed above, including social funds, personal funds, donated funds and funds transferred from other institutions.

Investment in Construction of Residential Buildings refer to the investment in houses specially used for residence, including employee family’s dormitories, single employees’ dormitories, student dormitories, and affordable houses, excluding purchased commercial residences.

Construction and Installation Investment (Workload of Construction and Installation) refers to the investment in construction projects of various houses and buildings, and installation projects of various equipment and devices, also known as the workload of construction and installation. It can only be realized through construction work and consumption of materials. For installation projects, the value of equipment installed is not included.

Purchase of Equipment, Tools and Devices refers to the value of equipment, tools and devices purchased or made by construction companies, enterprises or public institutions, which reach the specified amount of fixed assets.

Real Estate Development Investment refers to all investment used for housing projects and land development projects, together with public welfare buildings and land purchase costs spent from January 1^st to the last day of the year.

Land Purchase Cost refers to expenses on acquiring the land use right, including development compensation. It includes: (1) Expenses on land use right by allocation, including land compensation fees, compensation fees for its attached objects and crops; after completion, these expanses will be included in incremental fixed assets. (2) Expenses on land use right by transfer, including fees for agreement transfer, bid invitation, auction and listing; after completion, these expanses will not be included in incremental fixed assets. Land purchase expense shall be accounted according to actual amount paid. If paid by installment, it should be included in investment by stages.

Affordable Houses refer to government-subsidized houses that are supplied to urban low-income households and built in line with reasonable standards, limited size and fixed pricing.

Price-capped Houses refer to ordinary commercial houses with limited size and fixed pricing that are supplied to middle-income urban households, and their land transfer price is controlled by the government.

Public Rental Houses refer to government-subsidized houses that are built in line with reasonable standards and limited size, and can be rented by lower middle-income urban households with housing difficulties, new employees and migrant workers with stable jobs and have lived in the urban area for a certain period.

Low-rent Houses refer to government-subsidized houses that are built in line with reasonable standards and limited size, with funds raised by purchasing, reconstruction or leasing, and can be rented by low-income urban households with housing difficulties.

Floor Space of Buildings under Construction refers to the total floor space of all houses and buildings under construction during the reference period, including floor space of newly started buildings in current period, floor space of construction extended from the previous period to the current period, and 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 are also included in the floor space under construction. For multi-storey buildings, the sum of floor space of all floors shall be calculated.

Floor Space of Buildings Completed refers to the total floor space of all houses and buildings fully completed as required in the design plan during the reference period, which have been examined as qualified for living and use, and can be handed over and put into use.

Floor Space of Vacant Commercial Buildings refers to total floor space of commercial buildings for sale or for renting by the end of the reference period. It consists of the floor space of completed buildings in previous years and in the current year, but does not include relocated houses or buildings of unified construction or agent contract, as well as houses not for sale or renting such as public facilities, houses used by real estate companies and temporary houses.