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Facts & Figures: China's Progress in 9th 5-Year Plan Period
Following are the major achievements made by China during the period of its Ninth Five-Year Plan for National Economic and Social Development:
1. The national economy experienced sustained, rapid and sound development, and overall national strength continued to grow. China's GDP increased by an average annual rate of 8.3 percent and reached 8.9404 trillion yuan in 2000. The target of quadrupling the 1980 per capita GNP was met ahead of time.
As the economy continued to grow and economic performance improved, national revenue in 2000 reached 1.338 trillion yuan, an average increase of 16.5 percent annually. The output of major industrial and agricultural products now stands in the front ranks of the world, and commodity shortages were by and large eliminated.
2. Economic restructuring was extensively carried forward, and a socialist market economy was preliminarily established. Significant advances were made in the establishment of a modern corporate system in large and medium-sized state-owned enterprises. Most key state enterprises were converted into corporations, and a considerable number of them were listed on stock markets in or outside the country.
In 2000, the total profits of state-owned industrial enterprises and the industrial enterprises with a controlling share held by the state reached 239.2 billion yuan, 2.9 times that of 1997 figure. The objectives of reforming large and medium-sized state-owned enterprises and turning around loss-generating operations within three years were basically attained. The market system continued to improve, and the supply of capital, technology and labor expanded rapidly. The basic role of the market in the allocation of resources was noticeably enhanced.
3. China opened wider to the outside world, and the pattern of all-round opening took shape initially. Reform of the foreign trade system steadily progressed, and an export-oriented economy grew rapidly. The total volume of China's imports and exports reached 474.3 billion US dollars in 2000, with exports reaching 249.2 billion US dollars, a rise of 69 percent and 67 percent respectively over the 1995 figures.
4. People's living standards continued to improve, and the people in general began to lead a relatively comfortable life. In 2000, the per capita net income of rural dwellers and the per capita disposable income of urban residents reached 2,253 yuan and 6,280 yuan respectively, increasing by 4.7 percent and 5.8 percent annually in real terms. Enditem
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