Investment in rubber and plastic products industry increased by 13.6% in the first two months of 2016

According to statistics, in January-February 2016, China's fixed asset investment (excluding farmers) was 3.008 billion yuan, a nominal increase of 10.2% year-on-year. In terms of the ring rate, fixed asset investment (excluding farmers) increased by 0.83% in February. Statistics show that from January to February, the total investment in fixed assets of China's manufacturing industry was 1,166.3 billion yuan, a year-on-year increase of 7.5%. The investment in fixed assets of the rubber and plastic products industry was 41.7 billion yuan, a year-on-year increase of 13.6%. The investment in fixed assets of chemical raw materials and chemical products manufacturing was 89.2 billion yuan, down 2.0% year-on-year. The fixed assets investment in the automobile manufacturing industry was 80.3 billion yuan, a year-on-year increase of 13.9%. The fixed assets investment in the pharmaceutical manufacturing industry was 38.2 billion yuan, a year-on-year increase of 10.2%. The investment in computer, communications and other electronic equipment manufacturing was 83.7 billion yuan, a year-on-year increase of 21.0%.
From the construction and new construction projects, the total investment of the construction project is 481.52 billion yuan, a year-on-year increase of 13.9%; the total investment of the newly started project is 2.7443 billion yuan, an increase of 41.1%. From the perspective of the funds in place, the fixed assets investment in place amounted to RMB 593.24 billion, a year-on-year increase of 0.9%. Among them, the national budget funds increased by 10.9%; domestic loans increased by 1.8%; self-raised funds fell by 3.1%; utilization of foreign capital fell by 34.2%; other funds increased by 15.5%.
Expert interpretation
The effect of China's steady growth policy measures has been constantly emerging. Since last year, in response to the complicated and ever-changing economic situation and downward pressure at home and abroad, the state has issued a series of policies to promote investment and stabilize growth, including the “11 major engineering packages”. Ten major initiatives including “Three Major Strategies”, “Six Major Consumer Projects” and “PPP Project Construction”.
At the beginning of this year, the state continued to arrange special construction funds to speed up the launch of a number of major projects, and more measures to promote the implementation of policy measures, laying a good foundation for a small rebound in investment growth.
In January-February, China's manufacturing investment was 1,166.3 billion yuan, a year-on-year increase of 7.5%. Although the growth rate dropped by 0.6 percentage points from the previous year, the investment structure continued to improve.
First, the growth rate of investment in equipment manufacturing industry has increased. In the first two months of this year, equipment manufacturing investment increased by 11.3% year-on-year, and the growth rate was 1.1 percentage points higher than that of the whole year of last year, which was 3.8 percentage points higher than the growth rate of all manufacturing investment;
Second, the growth rate of investment in consumer goods manufacturing industry has increased. In the first two months of this year, investment in consumer goods manufacturing increased by 11.9% year-on-year, an increase of 0.4 percentage points, 4.4 percentage points higher than the growth rate of all manufacturing investment;
The third is negative growth in investment in high-energy manufacturing. In the first two months of this year, investment in high-energy manufacturing fell by 2.5% year-on-year, while last year's full-year growth was zero. Four of the top five industries saw a decline in investment.

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