GF 323

CONFIDENTIAL ##

- 5 -

機密

1992 (6)

Although the growth rates of

of these items in

output of steel, pig iron and electricity were quite significant, those in respect of cloth, coal and crude oil

slow.

Capacity constraint in the

had added to the inflationary pressures

were

distinctly

bottleneck sectors

during the course of the year. If not properly resolved, this could well intensify and restrain the growth potential

of China's economy in the longer term. As regards consumer

goods, the output levels of all the major consumer durables, other than recorders and household refrigerators, showed considerable increases in 1992(7). Among them,

automobiles registered the fastest output growth, at 51.8%,

followed by cameras and bicycles, at 13.7% and 11.1%

respectively.

(6)

Growth rates in real terms in 1992 of:

(8%)

Gross industrial output*

21.7

of which:

Energy

Electricity

Coal

10.9

3.1

Crude oil

1.

6

Key raw materials

Pig iron

Steel

Cloth

12.5

13.3

3.5

Excluding output from village-run enterprises.

(7)

Growth

rates

in real terms in 1992 of selected

consumer durables:

Bicycles

Cameras

Recorders

Colour television sets

Household refrigerators Automobiles

(*)

11.1

13.

7

-6.2

10.0

-0.1

51.8

CONFIDENTIAL

機密

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