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Henan Reports Steady Economic Growth in 2000
Henan Province in central China made another step forward in developing its economy last year with an increase in some key economic indexes.
The gross domestic product (GDP) grew 9.4 percent in 2000 on an annual basis to reach 512.6 billion yuan (nearly US$68 billion), higher than the average national level.
Industry totaled 207.5 billion yuan (US$25 billion) in added value to realize a year-on-year growth of 11.4 percent last year.
Local industrial enterprises reaped more than 13.5 billion yuan (over US$1.6 billion) in profit during the time, rocketed nearly 70 percent over 1999.
Investment in fixed assets went up 11.5 percent to amount to 147.6 billion yuan (US$17.8 billion), including a 9 percent increase in infrastructure construction, 10.6 percent in real estate and 26.2 percent in renovating projects.
The total foreign trade last year outnumbered 1999 by rising 30 percent to nearly US$2.28 billion. The direct foreign investment increased nearly 10 percent to US$544 million last year.
The average per capita disposable income of urban residents in Henan reached 4,766 yuan last year, a year-on-year increase of 6 percent. The per capita net income of rural dwellers in the province topped some 1,986 yuan, up 3.9 percent.
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