TNAG-2791-FCO40-4030-Relations-between-Hong-Kong-and-China.-With-maps-1993 — Page 19

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2

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Rmb 2,000 mark for the first time,

capita GDP broke the

reaching Rmb 2,055.

3.

real terms

(2).

At Rmb 2,838 billion (at constant (1990) prices),

China's gross industrial output (excluding output from village-run enterprises) in 1992 was higher by 21.7% in Productivity improvement made possible by

increased capital investment and by

the economic reform

measures was а major factor contributing to the rapid increase. Analysed by main ownership types, state-owned enterprises showed the slowest increase in industrial output, while foreign-funded and private enterprises

(2)

Year-on-year growth rates in real terms of China's GNP and gross industrial output:

1989

1990

1991

1992

1992 H1

H2

Gross national

product

(%)

4.0

5.0

7.7

12.8*

12.0 *

13.6*

Gross industrial

output**

(*)

8.5

7.6

12.9

21.7

18.2

24.9

Growth rates of China's GDP in real terms.

**Excluding output from village-run enterprises.

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