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Statistical Outline of China's Major Economic Sectors in 2006
Contents

I. General Outlook
II. Agriculture
III. Industry
IV. Investment
V. Domestic Trade
VI. Foreign Trade
VII. Transportation, Post and Telecommunications
VIII. Banking, Securities and Insurance

I. General Outlook

Statistical Outline of China's Major Economic Sectors in 2006In 2006, the gross domestic product (GDP) of the year was 20,940.7 billion yuan, up by 10.7 percent over the previous year.

The value added of the primary industry was 2,470.0 billion yuan, up by 5.0 percent. The value added of the secondary industry was 10,200.4 billion yuan, up by 12.5 percent.

The value added of the tertiary industry was 8,270.3 billion yuan, up by 10.3 percent.

The value added of the primary industry, secondary industry and the tertiary industry contributed 11.8 percent, 48.7 percent and 39.5 percent respectively to the GDP.

The general level of consumer prices in China was up by 1.5 percent over the previous year. The following table shows the changes of consumer prices of various items from 2005 to 2006.
Table 1: Change in Consumer Prices in 2006 over 2005
Unit: %
Item National
Average
 
Urban Rural
General level of consumer prices 1.5 1.5 1.5
Food 2.3 2.5 2.1
Grain 2.7 2.7 2.9
Tobaccos and alcohols 0.6 0.8 0.3
Clothing -0.6 -0.6 -0.4
Household appliances and services 1.2 1.3 1.0
Medical, health and personal articles 1.1 0.9 1.5
Transportation and telecommunications -0.1 -0.7 1.3
Recreational, educational, cultural articles and services -0.5 0.0 -1.4
Housing 4.6 4.7 4.6
Top      
At the end of 2006, the total of employed people in China numbered 764.00 million, or 5.75 million more than at the end of 2005. Of this total, 283.10 million were employed in urban areas, an increase of 11.84 million or a net increase of 9.79 million. The urban unemployment rate through unemployment registration was 4.1 percent at the end of 2006, a drop of 0.1 percentage point over that of 2005.

At the end of 2006, China's foreign exchange reserves reached 1,066.3 billion US dollars, an increase of 247.5 billion US dollars as compared with that at the end of the pervious year. At the end of the year, the exchange rate was 7.8087 RMB to 1 USD, an appreciation by 3.35 percent over that at the end of 2005.

The various taxes collected in the whole year reached 3,763.6 billion yuan (excluding tariffs, farm land taxes and deed taxes), up by 21.9 percent or an increase of 677.0 billion yuan over 2005.

II. Agriculture

In 2006, the sown areas of agricultural products generally reached a new higher level than the previous year.

For example, the sown areas for grain, cotton, sugar crops, vegetables are: 105.38 million hectares (an increase of 1.10 million hectares as compared with that in the previous year); 5.40 million hectares (an increase of 340 thousand hectares); 1.78 million hectares (an increase of 220 thousand hectares); 18.18 million hectares (an increase of 460 thousand hectares).

The total output and growth rate of major agricultural products in 2006 are indicated as follows.
Unit: 10,000 tons 
Item Output Increase over 2005 (%)
Grain 49746 2.8
Summer crops 11381 7.0
Early rice 3187 0.0
Autumn crops 35178 1.7
Oil-bearing crops 3062 -0.5
Peanuts 1461 1.8
Rapeseed 1270 -2.7
Cotton 673 17.8
Sugar crops 10987 16.2
Sugarcane 9925 14.6
Beetroot 1062 34.8
Cured tobacco 247 1.3
Tea 102 9.0
Fruits 17050 5.8
Vegetables 58233 3.2
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The total output of meat for the year reached 81.00 million tons, up by 4.6 percent. Of this total, the output of pork, beef and mutton was up 4.3 percent, 5.3 percent and 7.8 percent respectively.

The total output of aquatic products was 52.50 million tons, up by 2.8 percent. The total production of timber for the year 2006 reached 78.00 million cubic meters, an increase of 40.3 percent over the previous year.

III. Industry

In 2006, the total value added of the industrial sector was 9,035.1 billion yuan, up by 12.5 percent over the previous year. The value added of industrial enterprises above the designated size was up by 16.6 percent and their sales ratio was 98.1 percent.
Value Added of Industrial Enterprises above Designated Size and the Growth Rates in 2006
Unit: 100 million yuan 
Item Value added Increase over2005 (%)
Value added 79752 16.6
Of which:State-owned and state-holding enterprises 28396 12.6
Of which:Collective enterprises 2558 11.6
Share-holding enterprises 39918 17.8
Enterprises by foreign investors and investors from Hong Kong, Macao, and Taiwan 22502 16.9
Of which: Private enterprises 15547 24.4
Of which: Light industry 24314 13.8
Heavy industry 55438 17.9
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In 2006, the total output of primary energy reached 2.21 billion tons of standard coal equivalents, up by 7.3 percent over the previous year.

In 2006, the output of crude steel stood at 420 million tons, up by 19.7 percent; that of rolled steel was 470 million tons, up by 25.3 percent, that of cement was 1.24 billion tons, up by 15.5 percent; the production of 10 kinds of nonferrous metals went up by 17.2 percent; and the growth of the output of major chemical products including sulfuric acid, soda ash, caustic soda and ethylene ranged from 9.6 percent to 24.5 percent.

In 2006, the production of motor vehicles reached 7.28 million, an increase of 27.6 percent. Of this total, the production of cars reached 3.87 million, up by 39.7 percent.

The output of high-tech products such as mobile telephones and microcomputers rose by a range of 58.2 percent to 15.5 percent.

Of the industrial enterprises above the designated size, the value added of high-tech industry in 2006 went up by 18.7 percent over the previous year.
Output of Major Industrial Products and the Growth Rates in 2006
Product Unit Output Increase over 2005 (%)
Yarn 10000 tons 1740.0 20.0
Cloth 100 million meters 550.0 13.5
Chemical fibers 10000 tons 2025.5 21.7
Sugar (final product) 10000 tons 949.1 4.0
Cigarettes 100 million 20218.1 4.3
Color TV sets 10000 8375.4 1.1
Household refrigerators 10000 3530.9 18.2
Room air conditioners 10000 6849.4 1.3
Total primary energy production 100 million tons of standard coal equivalent 22.1 7.3
Coal 100 million tons 23.8 8.0
Crude oil 100 million tons 1.84 1.7
Natural gas 100 million cubic meters 585.5 18.7
Electricity 100 million kilowatt-hours 28344.0 13.4
Of which:Thermal-power 100 million kilowatt-hours 23573.0 15.1
Hydro-power 100 million kilowatt-hours 4167.0 5.0
Crude steel 10000 tons 42266.0 19.7
Rolled steel 10000 tons 47339.6 25.3
Ten kinds of nonferrous metals 10000 tons 1917.0 17.2
Of which: Refined copper(copper) 10000 tons 299.8 15.0
Aluminum electrolyze 10000 tons 935.0 20.1
Aluminum oxide 10000 tons 1370.0 59.4
Cement 100 million tons 12.4 15.5
Sulfuric acid 10000 tons 4981.0 9.6
Soda ash 10000 tons 1597.2 12.4
Caustic soda 10000 tons 1511.8 21.9
Ethylene 10000 tons 940.5 24.5
Chemical fertilizers (100 percent equivalent) 10000 tons 5592.8 8.0
Power-generating equipment 10000 kilowatts 11000.0 19.6
Motor vehicles 10000 727.9 27.6
Of which: Cars 10000 386.9 39.7
Large & medium tractors 10000 19.9 22.0
Integrated circuits 100 million pieces 335.8 24.4
Program-controlled switchboards 10000 lines 7404.6 -4.1
Mobile telephones 10000 48013.8 58.2
Micro-computers 10000 9336.4 15.5
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IV. Investment

The completed investment in fixed assets of the country in 2006 was 10,987.0 billion yuan, up by 24 percent over the previous year.

Of the total investment, that in urban areas was 9,347.2 billon yuan, up by 24.5 percent; and that in rural areas reached 1,639.7 billion yuan, up by 21.3 percent.
Fixed Assets Investment in Urban Areas and Its Growth Rates by Sector in 2006
 Unit: 100 million yuan 
Sector Investment Increase over 2005 (%)
Total 93472 24.5
Agriculture,Forestry, Animal Husbandry and Fishing 1102 30.7
Mining 4168 28.9
Manufacturing 26399 29.4
Of Which:Manufacture of Raw Chemical Materials and Chemical Products 2556 19.9
Manufacture of Non-Metallic Mineral Products 1854 33.0
Smelting and Pressing of Ferrous Metals 2247 -2.5
Manufacture of Transport Equipment 1974 25.2
Manufacture of Communication Equipment, Computers and Other Electronic Equipment 1687 38.7
Production and Supply of Electricity, Gas and Water 8196 12.5
Construction 997 50.1
Transport,Storage and Post 11140 25.7
Information, Transmission, Computer Services and Software 1786 14.4
Wholesale and Retail Trade 1885 23.0
Lodging and Catering Services 929 37.4
Banking 118 11.7
Real Estate 21446 25.4
Leasing and Business Services 666 37.0
Scientific Research, Technical Service and Geologic Prospecting 465 9.5
Management of Water Conservancy, Environment and Public Facilities 7453 22.2
Services to Households and Other Services 182 34.5
Education 2114 7.5
Health,Social Security and Social Welfare 693 17.0
Culture,Sports and Entertainment 850 23.9
Public Management and Social Organization 2885 18.3
Top      
The year 2006 witnessed the establishment of 41,485 enterprises with foreign direct investment, down by 5.8 percent; and the foreign capital actually utilized was 69.47billion US dollars, down by 4.1 percent.

Of the total foreign direct investment actually utilized, the share of investment in manufacturing was 57.7 percent over the pervious year, the real estate up 11.8 percent, the financial sector up 9.7 percent, leasing and business service up 6.1 percent and transportation, storage and post service up 2.9 percent.
Foreign Direct Investment by Sectors in 2006
Unit: 100 million USD 
Sectors Contracted Projects Increase over 2005 (%) Actually Utilized Value Increase over 2005 (%)
Total 41485 -5.8 694.7 -4.1
Farming, Forestry, Animal Husbandry and Fishery 951 -10.1 6.0 -16.5
Mining and Quarrying 208 -17.5 4.6 29.7
Manufacturing 24790 -14.3 400.8 -5.6
Production and Supply of Electricity, Gas and Water 375 -3.9 12.8 -8.1
Construction 352 -23.0 6.9 40.4
Transport, Storage, Post and Telecommunication Services 665 -9.4 19.8 9.5
Information Transmission, Computer Services and Software 1378 -7.7 10.7 5.5
Wholesales & Retail Trade 4664 79.3 17.9 72.3
Lodging & Catering Services 1060 -12.2 8.3 47.8
Financial Intermediation 64 10.3 67.4 -45.2
Real Estate Development 2398 13.1 82.3 51.9
Leasing and Business Services 2885 -3.2 42.2 12.8
Scientific Research, Technical Services and Geological Prospecting 1035 11.8 5.0 48.1
Water Conservancy, Environment Protection and Public Facilities Management 132 -5.0 2.0 40.4
Services to Households and Other Services 236 -28.3 5.0 93.9
Education 27 -47.1 0.3 65.6
Health, Social Security and Social Welfare 20 -9.1 0.2 -61.4
Culture, Sports and Recreation 241 -11.4 2.4 -21.0
Public Management and Social Organization 4   0.07 91.1
Top      
V. Domestic Trade

In 2006, the total retail sales of consumer goods reached 7,641.0 billion yuan, up by 13.7 percent over the previous year.

In terms of different areas, the retail sales of consumer goods in cities reached 5,154.3 billion yuan, up by 14.3 percent and the retail sales of consumer goods at and below county level was 2,486.7 billion yuan, up by 12.6 percent.

In terms of different sectors, the sales of the wholesale and retail industry reached 6,432.6 billion yuan, up 13.7 percent; the sales of the lodging and catering industry was 1,034.5 billion yuan, up 16.4 percent, and the sales of the other industries was 173.9 billion yuan, up 2.3 percent.

VI. Foreign Trade

The total value of imports and exports in 2006 reached 1,760.7 billion US dollars, up 23.8 percent over the previous year.

Of this total, the value of exports was 969.1 billion US dollars, up 27.2 percent, and the value of imports was 791.6 billion US dollars, up 20.0 percent. China had a trade surplus of 177.5 billion US dollars, an increase of 75.5 billion US dollars over the previous year.
Total Value of Imports and Exports and the Growth Rates in 2006
Unit: 100 million USD 
Item Value Increase over 2005 (%)
Total imports and exports 17607 23.8
Exports 9691 27.2
Of which: General trade 4163 32.1
Processing trade 5104 22.5
Of which: Mechanical and electronic products 5494 28.8
High & new-tech products 2815 29.0
Of which: State-owned 1913 13.4
Foreign-funded 5638 26.9
Others 2139 43.6
Imports 7916 20.0
Of which: General trade 3332 19.1
Processing trade 3215 17.3
Of which: Mechanical and electronic products 4277 22.1
High & new-tech products 2473 25.1
Of which: State-owned 2252 14.2
Foreign-funded 4726 22.0
Others 938 24.4
Trade surplus 1775  
Of which: General trade 831  
Processing trade 1889  
Other trade -945  
Top      
Imports and Exports by Major Countries and Regions and the Growth Rates in 2006
Unit: 100 million USD  
Country or region Exports Increase over 2005 (%) Imports Increase over 2005 (%)
United States 2035 24.9 592 21.8
European Union 1820 26.6 903 22.7
Hong Kong, China 1554 24.8 108 -11.8
Japan 916 9.1 1157 15.2
ASEAN 713 28.8 895 19.4
Republic of Korea 445 26.8 898 16.9
Taiwan, China 207 25.3 871 16.6
Russia 158 19.8 176 10.5
Top      
VII. Transportation, Post and Telecommunications

The value added of the transportation, storage, post and telecommunication sectors reached 1,203.2 billion yuan in 2006, up 8.3 percent over the previous year.
Freight Traffic by All Means of Transportation and the Growth Rates in 2006
Item Unit Volume Increase over 2005 (%)
Total freight traffic 100 million tons 202.5 8.9
Railways 100 million tons 28.8 7.1
Highways 100 million tons 146.1 8.9
Waterways 100 million tons 24.4 11.0
Civil aviation 10 000 tons 349.4 13.9
Pipelines 100 million tons 3.2 6.7
Freight turnover 100 million ton-kilometers 86921.2 8.4
Railways 100 million ton-kilometers 21954.0 5.9
Highways 100 million ton-kilometers 9647.0 11.0
Waterways 100 million ton-kilometers 53907.8 8.5
Civil aviation 100 million ton-kilometers 94.3 19.5
Pipelines 100 million ton-kilometers 1318.2 29.5
Top      
Passenger Traffic by All Means of Transportation and the Growth Rates in 2006
Item Unit Volume Increase over 2005 (%)
Total passenger traffic 100 million persons 200.8 8.7
Railways 100 million persons 12.6 8.7
Highways 100 million persons 184.5 8.7
Waterways 100 million persons 2.2 6.3
Civil aviation 10 000 persons 15961.3 15.4
Passenger flows 100 million person-kilometers 19202.7 9.9
Railways 100 million person-kilometers 6622.0 9.2
Highways 100 million person-kilometers 10135.9 9.1
Waterways 100 million person-kilometers 74.9 10.5
Civil aviation 100 million person-kilometers 2369.9 15.9
Top      
VIII. Banking, Securities and Insurance
Savings Deposit and Loans in RMB and Foreign Currencies in All Financial Institutions and the Growth Rates in 2006
Unit: 100 million yuan
Item Year-end figure Increase over 2005 (%)
Savings deposit 348065 16.0
Of which: By enterprises 118881 16.8
By urban and rural households 166617 13.3
Of which: Deposits in RMB 161587 14.6
Loans 238519 14.7
Of which: Short-term 101762 10.9
Medium and long-term 113173 21.3
Top      
1. Banking

Loans in Renminbi from rural financial cooperation institutions (i.e. rural credit cooperatives, rural cooperation banks, and rural commercial banks) totaled 2.6 trillion yuan by the end of 2006, an increase of 427.7 billion yuan as compared with the end of 2005.

The loans in Renminbi for consumption use from all financial institutions totaled 2.4 trillion yuan, an increase of 206.8 billion yuan. Of all consumption loans, those for individual housing totaled 1.99 trillion yuan, an increase of 143.9 billion yuan.

2. Securities

Funds rose in 2006 by enterprises through issuing stocks and share rights on stock market amounted to 559.4 billion yuan, an increase of 371.2 billion yuan over the previous year.

Of this total, 128 companies issued A-shares (including newly issued and convertible loan stocks) and other 2 companies issued A-share rights, receiving 246.4 billion yuan worth of capital altogether, an increase of 212.6 billion yuan over 2005. The issue of 34 H-shares raised another 313.1 billion yuan worth of capital, an increase of 158.6 billion yuan.

The number of listed companies (with A- or B-shares) on China's stock market rose from 1,381 at the end of 2005 to 1,434 at the end of 2006, representing 8,940.4 billion yuan worth of market value, a growth of 175.7 percent over the previous year.

The total corporate bonds issued throughout the year reached 101.5 billion yuan, an increase of 36.1 billion yuan over 2005; and the short-term financing funds were 294.3 billion yuan, an increase of 155.1 billion yuan.

3. Insurance

The premium received by the insurance companies totaled 564.1 billion yuan in 2006, up 14.4 percent over the previous year. Of this total, life insurance premium amounted to 359.3 billion yuan, health and casualty insurance premium 53.9 billion yuan, and property insurance premium 150.9 billion yuan.

Insurance companies paid an indemnity worth of 143.9 billion yuan, of which, life insurance indemnity was 46.5 billion yuan, health and casualty insurance indemnity 17.7 billion yuan, and property insurance indemnity 79.6 billion yuan.

(Source: China Statistical Information Network)
 
 
 
   
 
 
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