CONFIDENTIAL # 3
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some localities, are posing threats to China's agricultural sector. Comparing the first half of 1987 with the first half of 1986, national income (representing the sum of the economic contributions of industry, agriculture, transport, construction and commerce) rose by about 10% in real terms.
2.
Within the industrial sector, the year-on-year growth rates in real terms of light and heavy industries in the second quarter were 16.6% and 15.3% respectively. For the first half of 1987 as a whole, the output of light industries rose by 15.6% in real terms, to Rmb 246 billion (at constant 1980 prices), while that of heavy industries rose by 14.4%, to Rmb 246 billion (at constant 1980 prices). The growth momentum in the industrial sector, which has been sustained for nearly a year, was exerting strong pressures on the bottleneck areas. In the first half of this year, the output of energy and of certain key industrial raw materials continued to lag behind the overall growth rate generation, new generators with a combined capacity of 1.18 million kilowatts were installed in the first half of 1987. This, however, represents only about 20% of the planned addition in electricity generating capacity in 1987.
(2)
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In respect of electricity
(2)
Comparing the first half of 1987 with the first half of 1986, the outputs of pig iron and steel increased by 9% and 6.6% respectively. Those of crude oil and coal rose by 4% and 4.5% respectively. Over the same period, electricity production increased by 9.6%.
G.F. 326
CONFIDENTIAL # 3