Latest
Development
- Partly supported
by strong investment growth, China's economy
grew by 7.6% in the first three quarters of 2001 and
is estimated to grow by 7.3% for the whole year.
- China officially
became a WTO member on
11 December 2001. The tariff rates of 5,332 items, out of a total
of 7,316 product items, were reduced at various degrees in January
2002.
- Macroeconomic
targets for the 10th Five-Year Plan
(2001-2005) are set. These include 7% annual GDP growth, 5% annual
growth in income and below 5% urban unemployment rate.
- Detailed Implementation
rule of the Law of Sino-Foreign Equity
Joint Ventures was formally promulgated in July 2001.
- China allows
foreign-invested manufacturing companies
to export any non-monopolised products not under quota or license
management, including those not produced by the company.
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Major Economic Indicators
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2000
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Jan - Dec 2001
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Value
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Growth (%)
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Value
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Growth (%)
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Area (sq km, mn)
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9.6
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9.6
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Population (mn)
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1,265.8
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0.5
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Gross Domestic Product (RMB bn)
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8,940.4
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8.0 1
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6,722.7 2
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7.6 1
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Urban Per Capita Income (RMB)
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6,280.0
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6.4
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5,120 2
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7.4
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Rural Per Capita Income (RMB)
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2,253.0
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2.1
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1,641 2
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5.2
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Fixed-assets Investment (RMB bn) 3
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2,424.3
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9.7
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2,116.4
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16.3 4
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Added-Value of Industrial Output (RMB bn)
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2,368.5
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11.4 1
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2,695.0
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9.9 1
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Consumer Goods Retail Sales (RMB bn)
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3,415.3
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9.7
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3,356.2
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10.14
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Consumer Price Index
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0.4
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0.7
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Urban Unemployment Rate (%)
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3.1
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Exports (US$ bn)
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249.2
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27.8
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245.0
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6.8
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- by FIEs (US$ bn)
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119.4
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34.8
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133.2
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11.6
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Imports (US$ bn)
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225.1
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35.8
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223.9
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8.2
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- by FIEs (US$ bn)
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117.3
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36.6
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125.9
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7.3
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Trade Surplus (US$ bn)
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24.1
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22.5
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Foreign Direct Investment
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- number of new projects
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22,347
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32.1
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26,139
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16.0
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- contracted amount (US$ bn)
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62.4
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51.3
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69.2
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10.4
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- utilized amount (US$ bn)
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40.7
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1.0
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46.8
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14.9
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Foreign Currency Reserves (US$ bn)
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165.6
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7.0
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212.2
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28.1
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Note:
1 Real growth 2 Jan-Sep
2001 3 Not including collective-owned
units and individuals 4 Jan-Nov 2001
Sources: The National Bureau of Statistics,
the Ministry of Foreign Trade & Economic Cooperation (MOFTEC), and
the General Administration of Customs. |
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