The total output value of China's construction industry was 11984.4 billion yuan, an increase of 18.8%

On July 15, the National Bureau of Statistics announced the operation of the national economy in the first half of 2021. According to preliminary accounting, the GDP in the first half of the year was 53216.7 billion yuan, a year-on-year increase of 12.7% at comparable prices. Among them, the total output value of the national construction industry in the first half of the year was 11984.4 billion yuan, an increase of 18.8%, higher than GDP. The construction area of housing in the national construction industry was 11.93 billion square meters, an increase of 6.5%.

According to the statistical report of the National Bureau of statistics on the overall stability and improvement of the national economy in the first half of the year, on the whole, the national economy continued to recover steadily, strengthened and improved in the first half of the year. Statistics show that from January to June, the national fixed asset investment (excluding farmers) was 25590 billion yuan, a year-on-year increase of 12.6%; It is 9.1% higher than that from January to June 2019, with an average growth of 4.4% in the two years.

By sector, infrastructure investment in the first half of the year increased by 7.8% year-on-year, with an average growth of 2.4% in the two years, slightly lower than that from January to May; Manufacturing investment increased by 19.2% year-on-year, with an average growth of 2.0% in two years, 1.4 percentage points faster than that from January to May; Investment in real estate development increased by 15.0% year-on-year, with an average growth of 8.2% in two years, slightly lower than that from January to May.

By industry, the investment in the primary industry was 656.4 billion yuan, a year-on-year increase of 21.3%; The investment in the secondary industry was 7635.4 billion yuan, an increase of 16.3%; The investment in the tertiary industry was 17298.2 billion yuan, an increase of 10.7%. In the tertiary industry, infrastructure investment (excluding power, heat, gas and water production and supply) increased by 7.8% year-on-year. Among them, the investment in water conservancy management industry increased by 10.7%; Investment in public facilities management increased by 6.2%; Investment in road transportation increased by 6.5%; Investment in railway transportation increased by 0.4%.

By region, the investment in the eastern region increased by 11.2% year-on-year; Investment in the central region increased by 22.3%; Investment in the western region increased by 11.4%; Investment in Northeast China increased by 11.8%.

Data show that the construction area of housing in the national construction industry was 11.93 billion square meters, an increase of 6.5%. The Bureau of statistics also announced the national real estate development investment and sales in the first half of the year. From January to June, the national investment in real estate development was 7217.9 billion yuan, a year-on-year increase of 15.0%; It is 17.2% higher than that from January to June 2019, with an average growth of 8.2% in the two years. Among them, the residential investment was 5424.4 billion yuan, an increase of 17.0%.

From January to June, the housing construction area of real estate development enterprises was 8732510000 square meters, an increase of 10.2% year-on-year. Among them, the residential construction area was 6174.8 million square meters, an increase of 10.5%. The new construction area of houses was 101.288 million square meters, an increase of 3.8%. Among them, the newly started residential area was 755.15 million square meters, an increase of 5.5%. The completed housing area was 364.81 million square meters, an increase of 25.7%. Among them, the completed residential area was 262.54 million square meters, an increase of 27.0%.

Liu Aihua, spokesman of the National Bureau of statistics, said that judging from the next stage, the favorable factors supporting the sustained recovery of investment are increasing. First, the market vitality is gradually increasing. From the profits of above designated industrial enterprises and service enterprises from January to May this year, we can see that the benefits of enterprises have generally improved, which is conducive to enhancing the confidence and ability of enterprises to invest. Second, the financial guarantee is relatively strong. In the first half of the year, the capital invested in fixed assets increased by 16.8% year-on-year, exceeding the growth rate of investment. Third, the policy of stabilizing investment continues to work. A number of major engineering projects identified in the 14th five year plan are being deployed and promoted one after another. According to the situation, there were more than 10000 large projects of 50 million yuan and above newly warehoused in June, an increase of 11.6% month on month. Fourth, in the long run, new industrialization, informatization, urbanization and agricultural modernization all contain huge investment space. There is great investment potential in promoting the renewal and transformation of urban infrastructure, implementing the Rural Revitalization Strategy, optimizing and stabilizing the industrial chain and supply chain, and accelerating the transformation and upgrading of traditional industries.

(from architecture times)