China's gross domestic product (GDP) for the year 2001 is expected
to top nine trillion yuan (US$1.08 trillion), a year-on-year
increase of 7.3 percent.
The growth rate is much higher than the world's estimated average
of 1.3 percent, the National Bureau of Statistics (NBS) said
Monday.
According to figures released by the NBS, the country's GDP
exceeded one trillion yuan in 1986 and since 1993 has been
increasing by nearly one trillion yuan a year.
The 1978-2000 period has seen the fastest development in China,
with an average annual GDP growth rate of 9.5 percent, compared
with 2.5 percent for developed countries and five per cent for
developing countries.
Industrial Efficiency Improves in First 10 Months
China's industrial enterprises as a whole continued to perform well
in the first ten months of this year, but the losses of many
sectors were also on the rise, the National Bureau of Statistics
(NBS) said Monday.
NBS figures show that the composite index of the economic
efficiency of industrial enterprises rose to 119.4 in
January-October, 3.6 points higher than in the same period of last
year.
The index was also 0.2 points higher than in the first nine months
of the year. The total sales income of industrial enterprises for
the 10 months amounted to 7,379 billion yuan, up 11.8 percent year
on year, but the growth rate was 0.5 percentage points lower than
that for the January-September period.
The total net profit for the ten months stood at 364.6 billion
yuan, up 9.3 percent, with the growth rate falling by 3.3
percentage points from that for the January-September period.
In
the ten months, the total losses of industrial enterprises in the
red rose by 7.6 percent on a yearly basis, and the growth rate was
3.5 percentage points higher than that in the January-September
period. But the NBS did not give concrete figures of the
losses.
(Xinhua News
Agency November 26, 2001)