National economy: recovery and posing in the good direction in 2009

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In the first eleven months of 2009, the profits made by industrial enterprises above the designated size reached 2,589.1 billion yuan, up by 7.8 percent, over the same period of last year, which was 2.9 percentage points higher than that in the same period of last year. Among the 39 industrial divisions, 30 divisions registered year-on-year growth with profits.

III. Investment Continued to Grow fast, Investment in Areas Related to People's Livelihood Speeded up Noticeably. In 2009, the total investment in fixed assets of the country reached 22,484.6 billion yuan, a year-on-year growth of 30.1 percent, with an increase of 4.6 percentage points over the previous year. Of this total, the fixed assets investment in urban areas was 19,413.9 billion yuan, up by 30.5 percent, or 4.4 percentage points higher; and that in rural areas was 3,070.7 billion yuan, up by 27.5 percent, or 6.0 percentage points higher. Of the fixed assets investment in urban areas, the growth of investment in the primary industry was 49.9 percent; that in the secondary industry was 26.8 percent and 33.0 percent for the tertiary industry. In terms of different areas, the investment in urban areas in eastern, central and western regions grew by 23.9 percent, 36.0 percent and 35.0 percent respectively. Investment in areas that related to the improvement of people's livelihood increased by a large margin. The investment in infrastructure facilities (excluding electricity) for the whole year topped 4,191.3 billion yuan, up 44.3 percent. Of this total, the growth of investment in railway transportation was 67.5 percent; road transportation, 40.1 percent; urban public traffic, 59.7 percent; services to households and other services, 61.8 percent; education, 37.2 percent; health, social security and social welfare, 58.5 percent. The total investment in the real estate development for the year was 3,623.2 billion yuan, a growth of 16.1 percent, which was 4.8 percentage points lower than that in 2008.

IV. The Growth of Market Sales was Steady and Fast, Sales of Selected Products Increased Rapidly. In 2009, the total sales of consumer goods reached 12,534.3 billion yuan, a growth of 15.5 percent, or a real growth of 16.9 percent after deducting price factors, which was 2.1 percentage points higher than that in the previous year. Of this total, the retail sales of consumer goods in cities stood at 8,513.3 billion yuan, up 15.5 percent, while the retail sales at and below county level reached 4,021.0 billion yuan, up 15.7 percent. Grouped by different sectors, the sales by wholesale and retail businesses was 10,541.3 billion yuan, up by 15.6 percent; and that by lodging and catering industry was 1,799.8 billion yuan, up by 16.8 percent. Of the total retail sales by wholesale and retail businesses above designated size, except that of the communication equipment, the rest 20 types of commodities all registered large margin growth. Of which, the growth of clothing, shoes, hats and textiles was 18.8 percent, that of furniture, 35.5 percent and 32.3 percent growth for automobiles.

V. The Consumer Price and Producer Price Witnessed Decline for the Whole Year, Picking up Was Shown at the End of the Year. In 2009, the CPI was down by 0.7 percent. Of this total, the CPI declined by 0.9 percent in cities and down by 0.3 percent in rural areas. Grouped by categories, four of the total eight categories witnessed price rise and the rest four had declines, the prices for tobacco and liquor, went up by 1.5 percent, that of the medical care services and personal articles, up by 1.2 percent, that of food went up by 0.7 percent, and that of household appliance and maintenance services, up 0.2 percent; the prices of housing down by 3.6 percent, that of transportation and communication, down by 2.4 percent, clothing, down by 2.0 percent and 0.7 percent decrease for recreation, education, cultural articles and services. The year-on-year change of CPI in November reversed from negative one to positive one, which was up 0.6 percent in November, it was up by 1.9 percent in December. In 2009, the year-on-year change of producers' prices for manufactured goods down by 5.4 percent, in December it was up 1.7 percent reversing the trend of declining. The purchasers' prices for raw material, fuel and power down by 7.9 percent for the whole year; the retail prices for commodities dropped down by 1.2 percent.

VI. The Total Value of Imports and Exports Dropped in 2009, It Shifted from Declining to Rising in November. The total value of imports and exports for the whole year reached 2,207.3 billion US dollars, a drop of 13.9 percent over that in the previous year. In November, the year-on-year change of total value of imports and exports shifted from negative one to a positive one, which was up by 9.8 percent, it was up 32.7 percent in December. The total value of exports for the whole year was 1,201.7 billion US dollars, down by 16.0 percent; that of the imports was 1,005.6 billion US dollars, down by 11.2 percent; China had a trade surplus of 196.1 billion US dollars, or 99.4 billion US dollars less over that in the previous year.

VII. Urban and Rural Residents' Income Increased Steadily, the Employment Situation was Better than Expected. In 2009, the per capita income of urban household was 18,858 yuan. Of this total, the per capita disposable income of urban residents was 17,175 yuan, up by 8.8 percent, or a real increase of 9.8 percent after deducting price factors. Of the per capita income of urban household, the growth of wage income was 9.6 percent; that of operating net income was 5.2 percent; property income, 11.6 percent, transferred income, 14.9 percent. The per capita net income of rural residents was 5,153 yuan, up by 8.2 percent over that in the previous year, or a real increase of 8.5 percent after deducting price factors. Of this total, the growth of wage income was 11.2 percent; the production operating income from the primary industry was 2.2 percent, and that from the secondary and tertiary industries was 10.0 percent; the property income was 12.9 percent and 23.1 percent growth for the transferred income. The total newly increased employment in urban areas was 9.10 million people. By the end of the year, there were 149 million rural migrant workers; it was 1.7 million people more than that at the end of the first quarter of 2009.

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