GF 323
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18
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Guangdong Province
China as
Shenzhen City a whole.
Year-on-year growth rate
27.1
38.5
13.4
of gross industrial
output* in real terms (%)
Of which:
State-owned
19.9
40.3
8.9
enterprises
Collectively-owned
enterprises Foreign-funded
enterprises
21.8
17.2
19.1
50.0
39.3
42.4
Share of gross industrial
28.7
59.2
N.A.
output for export (%)
Exports (US$ Bn)
5.6
2.0
28.3
(18.6)
(15.3)
(17.5)
Imports (US$ Bn)
2.9 (50.0)
1.9 (29:4)
14.3 (7.4)
Foreign capital (US$ Bn)
Pledged value
2.3
0.4
7.9
(67.0)
(29.0)
Realised value
1.0 (28.0)
0.2 (12.9)
4.8
* Excluding output from village-run enterprises.
• According to MOFERT statistics.
( )
Figures in brackets represent year-on-year growth rates in US dollar terms.
23.
directly
State
With approval by the
Council, Guangdong
filed its application for a loan from the World
Bank in 1988. Reportedly, the application was approved in
October 1990 and the loan can be drawn in 1991. This loan,
amounting to USS160 million, is intended for agricultural
development in 13 cities in Guangdong. It is the first
time that a provincial government in China is able to
borrow from the World Bank directly. The standard practice
in China is that all World Bank loans have to be centrally
managed by the Ministry of Finance. It is likely that
Guangdong will seek further World Bank loans in the future
for its infrastructural and economic developments.
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