TNAG-2749-FCO40-3964-Economic-situation-in-Hong-Kong-1993 — Page 108

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