Regulation and Policy 

China's Major Economic Indices in 1999

Beijing:  The China Academy of Social Sciences has published the results of its predictions of China's major economic indices for 1999.  The "1999 Spring Report" by the "Analysis and Prediction of China Economic Situation" project group revealed the following results: 

1. Economic aggregate and industrial indices:

   GDP Growth                             7.9 percent

   Added-value of primary industry                    3.3 percent

   Added-value of secondary industry                  9.4 percent

   of which heavy industry                         9.4 percent

   light industry                                      9.3 percent

   Added-value of tertiary industry                  7.7 percent

     of which transport, posts and

      telecommunications industry             9.4 percent

      commercial and service industry          7.2 percent

2. Fixed assets investment

     Investment scale                       3,192 billion yuan

     Nominal growth                       12.2 percent

     Real growth                           12.0 percent

     Investment rate                         37.1 percent

3. Prices

   Retail price index                         -1.1 percent

   Consumer retail price index                 0 percent

   Investment products price index              0.2 percent

   GDP implicit price deflector                 0.1 percent

4. People's income and consumption

   Per-capita disposable income of

   urban population in real terms               5.8 percent

   Per-capita real income of rural

   population                                4.0 percent

   Urban real consumption                      7.6 percent

   Rural real consumption                      4.6 percent

5. Consumer goods market

   Retail sales                         3,174 billion yuan

   Nominal growth                              8.8 percent

   Real growth                                10.1 percent

6. Finance

   Fiscal revenue                       1,114 billion yuan

   Growth                                     13.0 percent

   Fiscal expenditure                   1,264 billion yuan

     Growth                                   17.3 percent

   fiscal deficit                        -150 billion yuan

7. Banking

   Deposits of

   private citizens                     6,443 billion yuan

     Growth                                   18.3 percent

   New loans                            1,102 billion yuan

   New money issue                        150 billion yuan

8. Foreign trade

   Total imports                    146 billion US dollars

     Growth                                    4.4 percent

   Total exports                    184 billion US dollars

     Growth                                      0 percent