Qiu Xiaohua, vice director of State Administration of Statistics
(STATS) estimated on December 23 that 2001 would see an economic
growth about 7 percent or 8 percent with no radical change.
The above opinion was released on 2001 Symposium of Securities
Market Expectation organized by the China Securities Association
(CSA). In the year 2000, the industrial profit increased 92 percent
in January-November period, among which the profit of state and
state-held enterprise surged by 140 percent, he said. 3-year reform
to get rid of the poverty of the state-owned enterprises is only
the goal in certain phase. More strength will be put on the
transformation of large and medium-sized state owned enterprises
next. Then those enterprises with well operational results and high
growth will be boosted to list in the capital market while those to
be improved will be aided by political injection.
Qiu also expressed that 2001's political environment will benefit
the economic growth. The present effective policies which have
stimulated the economic growth will be sustained to stabilize the
benign prospects. Next year domestic demand will still take the
leadership in pulling up the economic growth. All together there
are three propelling factors. First, the increase of farmers'
income will stimulate their income prospects; second, the soaring
social investment will further eliminate the barriers of civilian
investment; third the surge of civilians' salary will boost the
stable growth of urban consumption. He also pointed out the export
growth next year would be lower than this year's.
(People's Daily 12/25/2000)