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Six Industrial Sectors Account for Half of Growth in 2000
Six industrial sectors accounted for 54.6 percent of China's industrial growth last year, pushing up the industrial output by 6.2 percentage points.
These pillar industries include electronics and telecommunications, electricity, electric machinery, chemicals, textiles and metallurgy, according to a report released by the National Bureau of Statistics (NBS).
The report also indicated that state-owned industries have contributed more to industrial growth in 2000 compared with the previous year. The value added amounted to 1,403.2 billion yuan, up 10.1 percent. This is the first time these state-owned enterprises saw a double-digit growth since 1994.
Heavy industry has maintained a faster growth rate than light industry since December 1998. The value added from heavy industry grew 13 percent over the same period in 1999, 3.5 percentage points higher than that of light industry.
The report also attributed the industrial growth to the increasing amount of exports which totaled 1,412.2 billion yuan in 2000, 24.6 percent more than the previous year.
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