National Industrial Production in 2003 Grew Rapidly.

In 2003, the national industrial production grew far faster, the growth rate reached the top level in the recent nine years and the output stepped up on the new stage. The rapid growing of the industry is becoming the main force which promotes the national economy to develop fast.

The industrial production in 2003 showed the following features:

First of all, the production grew with the accelerated speed and the total economic value climbed onto a new stage. In 2003, the industrial enterprises above designated size broke through 4 trillion yuan for the first time, exactly reaching 4104.5 billion yuan and showing a year-on-year rise of 17.0% which was 4.4 percentage points faster than the rise of year 2002, so the rise of 2003 was highest since 1995. The value-added created in the December of 2003 reached 435.1 billion yuan, a year-on-year rise of 18.1%.

Secondly, all ownership types of industries presented the higher growth rates. The value-added from the state-owned and state share-holding enterprises reached 1940.8 billion yuan, a year-on-year rise of 14.3% which was 2.6 percentage points higher over the rise of 2002; that from the collective-owned enterprises was 278.7 billion yuan, up 11.5% which was 2.9 percentage points higher than the rise of 2002; that from share enterprises was 1687.8 yuan, up 18.3% which was 3.9 percentage points more than the rise of last year; that from the foreign, Hongkong, Macao and Taiwan investment enterprises was 1117.4 billion yuan, up by 20% that was 6.7 percentage points higher over last year.

Thirdly, the driving force from heavy industry to the whole industry became more significant. The annual value-added of heavy industry registered 2639.2 billion yuan, a year-on-year rise of 18.6%, contributing 65.5% to the growth of the whole industry and promoting it up by 11.1 percent; the value-added of light industry reached 1465.3 billion yuan, up 14.6%, showing contribution rate of 34.5% and driving the industry to grow by 5.9%.

Fourthly, the driving force of five main support industries worked more effectively. Among the 39 major industrial branches, except several branches such as tobacco, the growth rates of most industrial branches were higher over last year to different degrees. Specifically speaking, the electronic communications equipment manufacturing, transport equipment manufacturing, electrical machine and apparatuses manufacturing and metallurgical and chemical industry were the main force of industrial faster growing. The above-mentioned five industries showed the contribution rate of 50.9% to the growth of the whole industry, driving the whole industry to climb by 8.7 percentage points.

Fifth, the outputs of the key basic industrial products grew to a great extent. In 2003, the raw coal output from the industrial enterprises above designated size reached 1.33 billion tons, a year-on-year rise of 18.0%; the yield of the processed crude oil was 0.24 billion tons, up 10.8% over last year; the volume of electricity generated topped 1846.2 billion kwh, a year-on-year rise of 15.4% which ranked the first since 1990. The yields of steel and steel products reached 0.22 billion tons and 0.236 billion tons respectively, up 21.2% and 21.5% over last year; those of ten non-ferrous metals and cement ascended by 19.1% and 16.8% respectively, and the output of cement broke through 0.8 billion tons. The production of auto climbed onto a new higher level with the yield of 4497 thousand units, a year-on-year rise of 33.3%, specifically speaking, the output of sedan cars was 2069 thousand units, up 80.7% over last year. In addition, the outputs of mobile communications equipment, computers, micro-computer presented the growth rates of 20.9%-101.3%.

Sixthly, the export of industrial products promoted the industrial production to grow rapidly. The export consignment value by industrial enterprises reached 2708.9 billion yuan, a year-on-year rise of 30.7% which was 7.3 percentage points higher than the rise of last year. The contribution rate from the export to the growing of the whole industry registered 22.4%, driving it to grow by 3.8% which was one percentage point higher over last year. Especially, the export consignment value of the main export-oriented industries such as electronic & communications equipment manufacturing and electrical machine equipment manufacturing were up 46.2% and 32% respectively over last year, and those of traditional textile and clothes grew by 21.7% and 22.9% respectively.

Seventhly, the connection between industrial production and sale improved stably. The proportion of national industrial products sold was 98.06%, up 0.1 percentage point higher over last year. Analyzed by major industry, the proportions of products sold in the over two-thirds industries grew higher over last year to different extents, especially those in the 19 industries reached the good level over 98%.  Attributed to the smooth connection between production and sale, there was no apparent overstock while the industrial production increased quite fast.