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CONFIDENTIAL **
2 -
1991(1).
flooding
provinces
This was in spite of the fact that the serious
had caused heavy economic loss to several
in central and eastern China, and the fact that
the base of comparison for the growth rate was higher as
economy started to revive in the second half of
China's
1990.
3.
Among enterprises of various ownership types, the
state-owned enterprises recorded the slowest increase in
output(2). As much as 36% of them incurred losses during
first three quarters of 1991. The central government
took a decisive step in October to close down
the
therefore
(1) Year-on-year growth rate in real terms of:
Gross national
Gross industrial
output
(2)
product
(*)
(%)
1991 Q1
N.A.
13.7
Q2
N.A.
13.1
Q3
8.2
14.7
H1
6.1
13.4
Q1-03
6.8
13.9
Year-on-year growth rate in real industrial output by ownership type:
Gross industrial output*
of which:
State-owned enterprises
Collectively-owned enterprises
of which:
Rural and township enterprises
Others
terms of gross
1991 01-03
(%)
13.9
9.5
19.0
26.3
42.6
* Excluding output from village-run enterprises.
# Consisting mainly of foreign-funded enterprises.
CONFIDENTIAL
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