TNAG-2292-FCO40-3304-Official-visits-from-Hong-Kong-to-China-1991 — Page 13

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3

national average(4)

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4.

important

The

state-owned

because

J

enterprises were, however, still

they normally contributed about

three-quarters of the government revenue and employed

around three-quarters of the urban workforce. Despite this prominence, it was reported that in the first half of 1991,

profits submitted by the state-owned enterprises to the government decreased by 94.3% compared with the same period

In order to re-vitalise the state-owned

in

1990(5).

(4)

and

Guangdong, · Zhejiang

Jiangsu are the three provinces in China which have the largest number of relatively more market-oriented collectives and

private enterprises; Heilongjiang are the oldest and largest located.

The former

whereas Liaoning, Jilin and three provinces where China's state-owned enterprises are group of provinces experienced

much faster industrial growth rates than the latter.

Growth rates in real terms of gross industrial output*

(5)

China

Guangdong

Zhejiang

Jiangsu

Liaoning Jilin

Heilongjiang

1990 (%)

1991 H1

(%)

6.0

13.4

16.9

27.1

6.3

24.3

9.9

18.6

0.7

6.7

1.0

7.

3

0.4

5.8

* Excluding output from village-run enterprises.

Although the growth rate of output of the state-owned enterprises had been slower than that of enterprises of other ownership types, they employed 76.8% of the total urban workforce at the end of 1980. This proportion declined only modestly to 73.7% at the end of 1990. But their contribution to government revenue decreased more significantly, to 74.7% of the total in 1987 from 85.4% in 1980.

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