ANNEX 2
DEMAND-SIDE CONTRIBUTION TO GROWTH
1986
1987
1988
Sources: State Statistical Bureau; and staff estimates.
1/ Mainly services.
Chinese Economy: Income Growth Projections
8
Consumption Exports
investment
Imports
6
0
-2
1989
1990
1991
į
1991
1992 e 1992 % change
1993 P 1993 % change
1994 P % change
1994
Consumption
1092
8.8%
1188
9.2%
1297
6.7%
1384
personal
924
9.0%
1008
9.0%
1098
6.5%
1170
social
168
8.0%
181
10.0%
199
7.5%
214
Accumulation
551
21.1%
667
11.9%
746
7.3%
801
Fixed assets
380
23.0%
467
17.0%
546
10.0%
601
Stockbuiliding/wip
171
200
200
200
National Income
1643
12.9%
1855
10.1%
2044
6.9%
2184
Notes: e estimated p projected
National Income = GNP + depreciation
Source: 1991 data IMF recent economic deelopments.
1992 estimates based on IIE China report
net factor from abroad