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Development of China's industrial economy in past decade

(Xinhua)

08:23, September 05, 2012

(Photo/Xinhua)

BEIJING, Sept. 4 (Xinhua) -- China's industrial economy has rapidly expanded over the past decade, with the country's industrial structure and quality of development improving steadily, according to a report released on Tuesday by the National Bureau of Statistics.

Since the 16th National Congress of the Communist Party of China (CPC) was held in late 2002, the country has developed its industrial economy and established itself as a global industrial power, the report said.

The following are facts and figures from the report:

-- From 2003 to 2011, industrial value-added output grew by an average of 15.4 percent annually.

-- The main business revenues of the country's industrial enterprises surveyed by the government reached 84.2 trillion yuan (13.3 trillion U.S.dollars) in 2011, 7.7 times the amount in 2002.

-- The total assets of the industrial enterprises surveyed hit 67.6 trillion yuan as of the end of 2011, 4.6 times the amount in 2002.

-- China's manufactured goods accounted for 19.8 percent of the world's total in 2010, which allowed the country to overtake the United States to become the world's top manufacturer in terms of output.

-- A total of 57 enterprises from the Chinese mainland made it onto a list of the world's top 500 companies in 2011, up by 46 compared to 2002.

-- The total value of the high-tech manufacturing industry hit 8.8 trillion yuan in 2011, 5.9 times its value in 2002. The equipment manufacturing sector also significantly expanded, with the total value of the sector reaching 27.7 trillion yuan in 2011, 7.4 times its value in 2002.

-- China's industrial exports have maintained a fast growth since the country joined the WTO in 2001, with the total value of exports by industrial enterprises reaching 10 trillion yuan in 2011, or four times the value recorded in 2002.

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