Happy Tidings from China's Ethnic Minority AreasA boom has been seen in economy of the year in China's ethnic minority areas due to an increased amount of investment made, developed industrial production, raised efficiency by enterprises and a speedy development of foreign trade. Underlining this, as is told by news releases from the minority areas, a yearly 8.5% GDP growth is expected over last year and that of the nation's GDP average in 2000.Things in the minority areas have come to tell an all-round development of ethnic economies brought about thanks to enhanced local economic work, improved performance and raised efficiency by enterprises. According to statistics from January to November this year, 181.2 billion yuan of investment (excluding collective and personal investment), a 22% increase over the same period of last year, were made in fixed assets in the ethnic minority areas. Industrial production had a total of 163.1 billion yuan of added value created to show a growth of 9.9% over last. Production to market sale of industrial products was placed at 97.2% to show an increase of 0.69, or a raise of 0.03% over the country's average. In contrast to these, as has been reported, are a 16.7% rise and a 10.7-fold increase by industrial enterprises in their sales revenue and gross profits in the first three quarters of the year. Imports and exports had given a turnover of US$7.4 billion, 39.4% increase over the same period of last year, showing a rise of 4.8% over the first half of the year. All in all, stable market sales, a slow rise of commodity price and increased local revenue are reported from the ethnic minority areas in China. Social consumption retail sales registered a growth of as much high as 9.2% in the first ten months over the same period of last year and noted with this is but merely a 0.3% rise instead of a downturn in consumer price by the end of October since last year. By PD Online Staff Li Yan |
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