GF 323
CONFIDENTIAL ##
機密
3
experienced
share
the
fastest growth (3)
•
As
a
result,
the
of state-owned enterprises in total industrial output further to about 51% in 1992, from 54.6% in 1990 and
52.8% in 1991.
fell
4.
Rmb
1991,
at
Amongst the state-owned enterprises, roughly 30% were still suffering losses in the fourth quarter of 1992. Nevertheless, the total loss incurred in 1992, at
29 billion, was smaller than that in Rmb 31 billion. This was partly due to improved efficiency in the state-owned sector and partly due to the buoyant
market conditions during the year. In order to meet the losses still being incurred by the state-owned enterprises, the State Council had to inject funds in the order of
billion from mid-1991 to December 1992. By
Rmb
55.5
end-1992,
a
inter-company cleared (4).
total of
debts
Rmb 219 billion in overdue
were reported to have been
Specific measures to invigorate the
(3) Gross industrial output, analysed by main ownership types
of industrial enterprises:
(4)
Value of output in 1992
Increase over 1991
(Rmb Bn)
(%)
Gross industrial output*
2,838.1
21.7
of which:
state-owned enterprises
collectively-owned enterprises
of which:
rural and township
enterprises
foreign-funded and
private enterprises
1,681.4
13.0
915.2
33.2
502.0
52.2
241.6
54.0
* Excluding output from village-run enterprises.
The State Council officially declared that the work on clearing inter-company debts was completed in late December 1992.
New funds would not be injected to
clear any inter-company debts from then onwards.
CONFIDENTIAL
機密