National Economic Performance in 2001

According to preliminary estimation, the Gross Domestic Product is 9.6 trillion yuan, up 7.3% over the previous year at comparable prices.

Main features of economic performance in 2001:

I. The growth of Industrial production picked up.

In 2001, the total completed value-added of industrial production was 2695 billion yuan, up 9.9% over the same month of last year. Of which the value-added of state-owned and state holding industrial enterprises was 1519.8 billion yuan, up 8.1%. The momentum of the output of major industrial products is strong. The growth of steel is 19.3%, cement 10.3%, ten kinds of non-ferrous metal 13.2%. The growth power generating is 8.5%. And the value-added of collective-owned industry was 314.1 billion yuan, up 7.2% over the same month of last year. That of share-holding enterprises completed 808.6 billion yuan, up 10.4%, that of foreign funded enterprises completed 662.2 billion yuan, up 11.9% over the previous year.

II. Consumer price continued to index declined

In December, the consumer price was down 0.1% over the previous month, and down 0.3% at compared with the same month of last year. Analyzed by category of commodities, the price for food was up 2.0%, the price for residence item was up 0.2%. On the other hand, the ex-factory price of manufactured goods was down 4%, and the purchasing price for energy, raw materials and power was down 4.1%

III. Export and import increased fast

In 2001, total value of export and import was 509.768 billion US dollars, up by 7.5% compared with the same period of last year. Of which, the value of export was 266.16 billion US dollars, up 6.8%; that of import was 243.61 billion US dollars, up 8.2%. Surplus was 22.54 billion US dollars, down 6.5% over the previous year. In December, the total value of export was 24.5 billion US dollars, up 11.5%, and import was 22.39 billion US dollars, down 4.6% over the same month of last year, surplus was 2.11billion US dollars.

In 2001, 26139 overseas-funded enterprises have been approved to set up, scoring an increase of 16.01 percent. The total amount of foreign capital actually used is 46.846 billion US dollars, up 14.9% over the same period of last year. By the end of 2001, the foreign exchange reserves reach 212.165 billion US dollars, an increase of 46.6 billion US dollars as compared with that at the beginning of this year.

IV. people’s living condition was improving.

According to preliminary estimation, The real increase of the per capita disposable income of urban residents is 6.7% if change in prices was taken into consideration. The real increase of the per capita cash income of rural residents 4.0% if change in prices was taken into consideration