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The Total Value Added of The Industrial Enterprises Above Designated Size Was up 9.2%

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Core Tip:   In July 2012, the total value added of the industrial enterprises above designated size was up 9.2 percent year-on-year (the following growth rat

 

In July 2012, the total value added of the industrial enterprises above designated size was up 9.2 percent year-on-year (the following growth rates of value added are real growth rates, after deducting price factors), 0.3 percentage points lower than that in June. In July, the total value added of the industrial enterprises above designated size went up by 0.66 percent month-on-month. From January to July, the total value added of the industrial enterprises above designated size was up by 10.3 percent.

Industrial Production Operation in July 2012

Analysis on different types of enterprises showed that, in July, the year-on-year growth of the state-owned enterprises and state holding enterprises increased 4.8 percent, collective enterprises increased 7.1 percent, joint-stock enterprises climbed 10.9 percent, enterprises funded by foreign investors or investors from Hong Kong, Macao and Taiwan province increased 5.3 percent.

In July, the year-on-year growth of heavy industry increased 8.8 percent, while the light industry was up by 10.1 percent.

Grouped by different sectors, in July, 40 industries within 41 industrial divisions kept year-on-year growth. Of this total, the growth of textile industry was 11.8 percent; the manufacture of raw chemical materials and chemical products, up by 10.6 percent; the manufacture of non-metallic mineral products, up by 10.3 percent; the ferrous metal smelting and pressing, up by 9.0 percent; the manufacture of general machinery, 6.5 percent; the manufacture of automobile industry, 9.8 percent; the manufacture of railways, shipbuilding, aerospace and other transportation equipment, 1.4 percent, the manufacture of electric machinery and equipment, 8.5 percent; the manufacture of communication equipment, computers and other electronic equipment, 10.9 percent; and the production and supply of electricity, gas and water, 3.9 percent.

In terms of different regions, in July, the value-added of eastern region increased 8.4 percent year-on-year; the central region went up by 10.3 percent; western region rose by 10.7 percent.

In terms of different products, of the total 471 products, the output of 323 products in July showed a year-on-year growth. Of this total, the output of that of pig iron was 81.22 million tons, up by 6.5 percent; that of cement was 191.17 million tons, up by 6.1 percent; that of ten kinds of nonferrous metals was 3.06 million tons, up by 4.1 percent; that of automobiles was 1489 thousand sets, up by 12.3 percent; that of cars was 862 thousand sets, up by 12.1 percent; that of electricity was 435.1 billion kilowatt-hours, up by 2.1 percent; that of crude oil was 37.60 million tons, up by 1.1 percent; that of ethylene was 1.20 million tons, down by 6.5 percent.

The sales ratio of industrial products in July was 98.2 percent, or 0.6 percentage points lower year-on-year. The total export delivery value of industrial enterprises was 880.7 billion yuan, a nominal year-on-year increase of 3.0 percent.

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Industrial Production Operation in July 2012_7

Annotations:

1. Explanation of Indicator

Growth rate of value added of the industrial enterprises: also known as industrial growth rate, which is used to reflect a certain period of increase or decrease in volume of industrial production indicators of the degree of change. The indicator can be used to estimate the short-term trend of the industrial economy, to judge the extent of the economic boom, and also to be an important reference and basis for the formulation and adjustment of economic policies, and for the implementation of macroeconomic adjustment and control.

Sales ratio: refers to sale value and industrial output value, which reflecting the situation between production and sales of industrial products.

Export delivery value: refers to the foreign trade department of industrial enterprises or self-run (commission) exports (including sold in Hong Kong, Macao and Taiwan), with the price of foreign exchange settlement of product value, and foreign samples, materials processing, component assembly and compensation trade product value. In calculating the export delivery value, the transaction price of foreign exchange should be converted into RMB.

Daily product output: the total production of the total value added of the industrial enterprises above designated size in the current month divided by number of days in the month.

The year-on-year growth rate of product output: as industrial enterprises above designated size range will be some changes each year, according to the regulations of NBS, the data in the same period of previous year were required when enterprises submit monthly data. Hence, the year-on-year growth rate of product output was calculated by the current total value added of the industrial enterprises above designated size divided by the data submitted at the same time period.

2. Statistical Coverage

From 2011 on, the standard starting point of industrial enterprises above designated size was adjusted to 20 million yuan of annual revenue from primary business, the former one was 5 million yuan.

3. Data Collection

The reports of industrial enterprises above designated size are conducted with complete survey on a monthly basis (Not report for January).

4. Division on Eastern, Central and Western Regions

Eastern region includes Beijing, Tianjin, Hebei, Liaoning, Shanghai, Jiangsu, Zhejiang, Fujian, Shandong, Guangdong, and Hainan. Central region includes Shanxi, Jilin, Heilongjiang, Anhui, Jiangxi, Henan, Hubei, and Hunan. Western region includes Inner Mongolia, Guangxi, Chongqing, Sichuan, Guizhou, Yunnan, Tibet, Shaanxi, Gansu, Qinghai, Ningxia, and Xinjiang.

5. Standard on industrial classification

From 2012, NBS enforces New Standard on Industrial Classification for National Economic Activities" (GB/T4754-2011). The number of industrial sectors expanded from 39 to 41. 

6. Revision on month-on-month data

The month-on-month growth rate of the total value added of the industrial enterprises above designated size from June 2011 to June 2012 was revised according to the results of automatic revision of seasonal adjustment model. The results and data in July 2012 is as follows:

Industrial Production Operation in July 2012_8

 

 
 
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