"Eleventh Five-Year Plan" China's Investment Structure Is Continuous
According to the data released by the National Bureau of Statistics on the 3rd, in the “Eleventh Five-Year Plan†period, China’s total investment in fixed assets in the society totaled RMB 9,298.9 billion, with an average annual growth rate of 25.5%. Fixed-asset investment has made great contributions to ensuring the rapid and coordinated development of China's economy. It has played an extremely crucial role in responding to the global financial crisis and maintaining growth.
Over the past five years, China’s fixed-asset investment has maintained a steady and rapid growth through the timely adjustment of fiscal, monetary, and industrial policies, flexible use of economic, legal, and administrative measures, and weak infrastructure and social undertakings. The links have been further strengthened, the urban and rural areas have been greatly improved, and the people’s living standards have been increasing.
Enhanced coordination of regional development
During the “Eleventh Five-Year Plan†period, China’s regional economic development achieved remarkable results. With the support of related policies, regional investment was further optimized. Investment in the central, western, and northeast regions developed rapidly, and the gap between economic growth and the national economy gradually narrowed. The overall planning and coordinated development of investment in the West and Northeast regions.
Inheriting the "10th Five-Year Plan" to start a good momentum of the development of the western region, during the "Eleventh Five-Year Plan" period, the development of the western region accelerated. In the past five years, the fixed assets investment in the western region has completed 19775.8 billion yuan, an average annual increase of 28.2%, which is 2.7 percentage points higher than the national fixed asset investment growth over the same period. The proportion of investments completed in the western region as a percentage of total investment in the country has increased year by year. In 2010, the proportion of investment completed in the western region accounted for 22.2% of the total investment in the country, an increase of 2.3 percentage points over the end of the “Tenth Five-year Plan†period.
At the same time, the central region has been catching up with the support of the Central China's rising policy and the investment has shown a trend of rapid growth. The accumulated investment in the central region was 19808.4 billion yuan, an average annual increase of 31.6%, and the growth rate was 6.1 percentage points higher than the national investment growth over the same period. Last year, investment in the central region accounted for 22.6% of the country's total investment, which was an increase of 4.4 percentage points from the end of the "Tenth Five-Year Plan."
With the support of the northeastern revitalization policy, the Northeast region has rejuvenated its youth and invested in rapid growth. During the “Eleventh Five-Year Plan†period, a total of 9761.3 billion yuan was invested in the northeastern region, an average annual increase of 32.9%, which was 7.4 percentage points higher than the average national investment growth over the same period.
During the same period, investment in the eastern region grew steadily. In the past five years, the accumulated investment in the eastern region was 408.767 billion yuan, an average annual increase of 20.1%, which was 5.4 percentage points lower than the national fixed asset investment growth over the same period.
Investment structure further optimized
During the “Eleventh Five-Year Plan†period, the structure of China’s investment industry was further optimized, investment in the primary industry grew rapidly, and the proportion of investment in the primary and tertiary industries increased. In the same period, China’s primary industry has completed a total investment of 2.6078 trillion yuan, an average annual increase of 28.3%; the second industry has completed an investment of 400,956 billion yuan, an average annual growth of 25.2%; the tertiary industry has completed an investment of 495.855 billion yuan, an average annual increase of 25.5%. The growth rate was 8.5 percentage points higher than during the "Tenth Five-Year Plan" period.
In the same period, China’s industrial investment grew steadily, and the growth rate of investment in some high-energy-consuming industries declined. In the past five years, the industry has completed a total investment of 3.92084 trillion yuan, an average annual growth of 25.5%; in 2010, industrial investment accounted for 41.4% of total investment, which was 1.1 percentage points lower than the end of the "Tenth Five-year Plan."
Under the effect of industrial restructuring policies, the growth of investment in some high-energy-consuming industries during the “Eleventh Five-Year Plan†period has gradually slowed down. In urban investment in 2010, investment in petroleum processing, coking, and nuclear fuel processing industries rose by 12.9%, a 12.7% increase in growth rate over the end of the “10th Five-Year Plan†period, and a 14.8% increase in investment in chemical raw materials and chemical manufacturing industries. At the end of the period, it fell by 19.9 percentage points; the investment in ferrous metal smelting and rolling processing industry increased by 6.1%, and the growth rate fell by 22.7 percentage points from the end of the “10th Five-year Plan†period.
In the past five years, China’s real estate industry continued to develop rapidly. The total investment in real estate development was 1,604.24 billion yuan, an average annual increase of 24.4%.
The steady growth of infrastructure investment has made important contributions to improving people’s living standards. The total investment in urban infrastructure in China in the past five years has reached 220648 billion yuan, an average annual increase of 21.8%. In 2009, driven by the country’s 4 trillion yuan investment plan, the infrastructure industry was the focus of the policy, with investment increasing by 40.6% over the previous year. Last year, the country’s urban infrastructure industry completed an investment of 6482.6 billion yuan, an increase of 16.7% over the previous year, accounting for 26.9% of urban investment.
Private investment is full of vitality, state-owned investment is growing steadily
During the “Eleventh Five-Year Plan†period, private investment totaled 4857.6 billion yuan, an average annual increase of 30.6%, and the growth rate was 5.1% higher than the total social investment in the same period; last year, private investment accounted for 55.1% of the total social investment, which was comparable to The "15th Five-year Plan" increased by 9.3%.
During the same period, the state-owned and state-controlled investment increased steadily, accounting for a substantial decline in the proportion of investment in the entire society, but it played a role in stabilizing the economy at a crucial moment. In the five years, the accumulated investment of state-owned and state-controlled enterprises was 364.835 billion yuan, an average annual increase of 21%.
Statistics from the National Bureau of Statistics show that in the past five years, the position and role of foreign-invested companies and Hong Kong-Macao, Taiwan-invested companies in investment have weakened: Foreign-invested companies and Hong Kong, Macao, and Taiwanese investment companies have accumulated investment of 7,729.4 billion yuan, an average annual increase of 18.6%.
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