In 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
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.
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
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
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
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
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
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
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.
In 2006, the gross domestic product (GDP) of the year was 20,940.7 billion yuan, up by 10.7 percent over the previous year.