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Fast growth was registered in industrial production with improved
linkage between production and sales. In 2002, the total added
value of the industrial sector was 4.59 trillion yuan, up 10.2
percent over the previous year. The added
value of industrial enterprises above designated size (i.e. state-owned
industrial enterprises and non-state-owned industrial enterprises
with an annual sales income of over 5 million yuan) was 3.15 trillion
yuan, up 12.6 percent. The sales rate of industrial enterprises
was 98 percent, 0.3 percentage points higher than that in the
previous year.
Restructuring
of manufactured products made new progress. Fast growth was registered
in the production of export-oriented products, hi-tech products,
and consumer products that suit the upgrading of consumption structure.
The output value of new manufactured products increased 24 percent
over 2001, and the value of manufactured products shipped for
export rose by 23.4 percent. The output of electronic and telecom
products rose by over 25.9 percent, including PCs, mobile telephones,
semiconductor integrated circuits and color TV sets. The growth
in the output of yarn, cloth, silk textiles and garments ranged
from 8.5 percent to 19.9 percent. The production of motor vehicles
was up 38.8 percent, with the production of sedans rising by 55.2
percent. The output of steel and rolled steel rose by 19.7 percent
and 19.6 percent respectively. Energy production in 2002 was encouraging,
with 1.65 trillion kwh of electricity, up 11.7 percent; 1.38 billion
tons of coal, up 18.9 percent; and 167 million tons of crude oil,
up 1.8 percent.
The
profits of industrial enterprises maintained fast growth following
substantial increases over the past consecutive years. The total
volume of profits reached 562 billion yuan during the year, up
20.6 percent over 2001 on a comparable basis. Of the total, the
profits of state-owned and state-controlled enterprises stood
at 263.6 billion yuan, up 15.3 percent.
Production and profits of construction enterprises continued
to grow. In 2002, the added value of construction enterprises
in China was 704.7 billion yuan, up 8 percent over the previous
year. The profits made by construction enterprises with Grade
IV or higher qualification reached 33.6 billion yuan, up 14 percent,
and the taxes they paid stood at 53.2 billion yuan, up 6.6 percent.
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