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CHINA ECONOMY STATISTIC AND ANALYSIS

China's Economic and Financial Indicators, 1994-99
(All figures are in billions of RMB or percent unless otherwise indicated)

Main indicators 1994 1995 1996 1997 1998 1999
Gross Domestic Product (GDP) 4675.9 5847.8 6788.5 7477.2 7955.3 8319.0
Real GDP growth 12.6 10.5 9.6 8.8 7.8 7.1
Retail price index 21.7 14.8 6.1 0.8 -2.6 -2.9
Consumer price index 24.1 17.1 8.3 2.8 0.8 -1.3
Urban per capita income (RMB) 3496.2 4283.0 4838.9 5160.3 5425.0 5859.0
Rural per capita income (RMB) 1221.0 1577.7 1926.0 2090.1 2160.0 2205.0
Urban unemployment rate (%)* 2.8 2.9 3.0 3.1 3.1 3.1
Financial indicators
M0 supply 728.9 830.9 927.3 1017.8 1120.4 1345.6
   % growth 24.3 14.0 11.6 15.6 10.1 20.1
M1 supply 2054.0 2397.0 2851.0 3482.6 3895.0 4583.7
   % growth 26.2 18.0 18.0 17.3 11.9 17.7
M2 supply 4692.4 5823.0 7609.5 9099.5 10449.9 11900.0
   % growth 34.5 29.9 30.7 17.1 15.3 14.7
Exchange rate (RMB/$) 8.6 8.3 8.3 8.0 8.3 8.3
Foreign exchange reserves (US$ billion) 51.6 73.6 105.0 139.9 145.0 154.7
Government revenue (total) 5218.1 6242.2 7408.0 8651.1 985.3 --
  tax revenue 5126.9 6038.0 6909.8 8234.0 855.1 1031.1
Domestic debt (Treasury bond issues) 102.9 151.1 184.8 241.2 270.0 60.0
Foreign debt (US$ billion) 9.3 10.6 11.6 13.1 --
Government deficit 57.5 58.2 53.0 57.0 96.0 --
SOURCES: Almanac of China's Finance and Banking 1996; PRC State Statistical Bureau (SSB); China Statistical Yearbook, 1997, 1998; China Monthly Statistics; Dow Jones News Service; Foreign Broadcast Information Service, CNN,Financial Times, Inside China Today (www.insidechina.com).
NOTES: * According to official SSB figures, which do not include under-employment or the migrant population
-- Not available

China's Output and Investment, 1994-99

(All figures are in billions of RMB or percent unless otherwise indicated)

Gross value of industrial output 1994 1995 1996 1997 1998 1999**
Total industrial output 7017.6 9189.4 9959.5 11373.3 11904.8 2030.7
  % growth 24.2 20.3 16.59 13.1 8.9
State-owned enterprises 2620.1 3122.0 2836.1 2902.8 3362.1 1160.3
   % growth 6.5 8.2 5.1 3.8 -- 7.4
Collective enterprises 2647.2 3362.3 3923.2 4334.7 4573.0 346.2
   % growth 24.9 15.2 20.9 10.2 -- 7.0
Individual-owned enterprises 708.2 1182.1 1542.0 2037.6 2037.2 --
   % growth 56.0 51.5 20.0 15.4 -- --
Other enterprises 1042.1 1523.1 1658.2 2098.2 2727.0 783.8^
   % growth 74.3 37.2 23.8 30.2 -- --
Fixed-asset investment
Total investment 1704.3 2001.9 2297.4 2494.1 2840.6 2200.0
   % growth 30.4 17.5 14.8 8.9 13.9 7.8
State-owned enterprises 961.5 1089.8 1205.6 1309.2 1536.9 --
   % growth 21.3 13.3 10.6 9.0 17.4 --
Collective enterprises 275.9 328.9 366.1 385.1 419.2 --
   % growth 19.1 19.2 11.3 5.5 8.9 --
Individual enterprises 197.1 256.0 321.1 342.9 374.4 --
   % growth 33.5 29.9 25.4 6.8 9.2 --
Other enterprises* 269.8 327.1 404.6 456.9 510.0 --
   % growth 99.4 21.3 23.7 13.0 11.6 --
SOURCES: PRC State Statistical Bureau (SSB) China Statistical Yearbook, 1997, 1998; Foreign Broadcast Information Service
NOTE: * Includes joint-venture and foreign-funded enterprises
** Value-added industrial output; gross value figures unavailable
^Includes partnership joint venture, share-holding, and foreign-, Taiwan-, Hong Kong-, and Macao-invested enterprises
-- Not available

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