機密
CONFIDENTIAL ##
CRC INF 1/92
(CEC 13/91)
Report on Developments in Hong Kong China Economic Relations Third Quarter of 1991
(I) General economic developments in China
(a)
Overall view
up.
China's
economy remained buoyant in the third
quarter of 1991 and the rate of inflation started to pick
Domestically, the Chinese government was exercising
greater effort in reviving the state-owned sector and in
clearing up the overdue inter-company debts.
external sector, China's visible trade surplus widened
again in the third quarter. Both the Chinese government
and the enterprises continued to raise more funds in the
international
The international
capital
market.
organisations were active again in
economic development projects.
In the
supporting China's
(b) Domestic sector
2.
gross
In the first three quarters of 1991, China's
national product (GNP) was estimated at Rmb 1,365
billion (at current prices), representing an increase of
6.8% in real terms over the same period in 1990. China's
gross industrial output was estimated at Rmb 1,707 billion
(at constant (1990) prices, excluding output from village-run enterprises), representing an increase of 13.9%
in real terms over the same period in 1990. The rate of
economic
up further in the third quarter of
growth
picked
CONFIDENTIAL
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