GF 323
CONFIDENTIAL
3
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industries
(2).
The rapid increases in the output of
consumer items like refrigerators, colour television sets
helped to absorb some of the excess
and cameras
cameras (3)
spending power of consumers.
5.
Rapid industrial growth since the fourth quarter of 1986 has exerted strong pressure on the bottleneck sectors which include energy, transportation and certain key industrial raw materials. Their growth rates in the first three quarters of 1988 were significantly slower
than that of industrial output (4)
(2)
Light industries
Heavy industries
Output*
Year-on- year growth
Year-on-
Output *
value
rate
(Rmb bn)
(%)
value (Rmb bn)
year growth rate
(8)
1988 Q1
134.6
16.6
130.0
16.9
Q2
156.1
19.5
156.6
15.7
Q3
152.3
20.4
153.7
15.7
Q1 - 3 3
443.0
18.9
440.3
16.1
(3)
(4)
At constant (1980) prices, excluding output from village-run enterprises.
In the first three quarters of 1988, the output of refrigerators, colour television sets and cameras increased by 88%, 51% and 16% respectively.
Year-on-year growth rate (%) in output in the first three quarters of 1988 :
Key raw materials
Energy
Pig iron
Steel
Rolled steel
Coal
Crude oil
Natural gas
Electricity
Volume of freight transport
CONFIDENTIAL
5.0
7.8
8.3
4.7
11.9
1.3
11.1
2.5
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