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Statistical communique of national and social development in 2004 Statistical communique of national and social development in 2004 (National Bureau of Statistics of China) In 2004, under the correct leadership of the Central Committee of the Communist Party of China (CPC) and the State Council, and guided by Deng Xiaoping Theory and the important thought of "Three Represents," the Chinese people thoroughly implemented the spirit of the 16th National Congress of the CPC and the Third Plenary Session and the Fourth Plenary Session of the 16th CPC Central Committee, introduced the scientific concept of development strategy and carefully carried out various measures set by the central government aimed at enhancing and improving macroeconomic regulation which led to remarkable achievements. Unstable and unhealthy factors in economic performance were brought under control. Those weak links existing in agriculture, infrastructure construction and social undertakings were strengthened. And a favourable turn took place in agricultural production. Excessive investment growth in some industries was curbed initially. Reform in various fields progressed steadily and China is opening further to the outside world. New headway was made in employment, re-employment and social security programmes. The living standard of the urban and rural population continued to improve. The national economy remained steady and enjoyed rapid growth with accelerated development of various social undertakings. The main targets set for the economic and social development have been achieved. I. General Outlook Preliminary estimates indicated that the gross domestic product (GDP) of the year was 13,651.5 billion yuan (US$1,645 billion), up by 9.5 per cent over the previous year at comparable prices. The value-added of primary industry was 2,074.4 billion yuan (US$249 billion), up 6.3 per cent. The value-added of secondary industry was 7,238.7 billion yuan (US$872 billion), up by 11.1 per cent. The value-added of tertiary industry was 4,338.4 billion yuan, up by 8.3 per cent. The contribution rates of the primary and tertiary industries towards GDP growth were 9.2 per cent and 29.0 per cent respectively, or 5.2 and 2.8 percentage points higher as compared with that in the previous year. The general level of consumer prices in China was up by 3.9 per cent over the previous year. Of this total, the prices for service items were up 2.3 per cent. The retail prices of commodities were up by 2.8 per cent, while the producers' prices for manufactured goods increased by 6.1 per cent, and the purchasing prices for raw materials, fuel and power went up by 11.4 per cent. The prices for investment in fixed assets were up 5.6 per cent. Producers' prices of farm products were up 13.1 per cent. In 2004, about 9.8 million new jobs were created for urban residents, 800,000 more than the expected target, and 5.1 million laid-off workers were re-employed. The urban registered unemployment rate was 4.2 per cent at the end of 2004, or 0.1 percentage point lower than that in 2003. By the end of 2004, China's foreign exchange reserves reached US$609.9 billion, an increase of US$206.7 billion as compared with that at the end of the previous year. The exchange rate of the renminbi remained stable, the year-end exchange rate was 8.2765 yuan to US$1, which was two basic points higher over that at the end of the previous year. Tax income of various forms for the whole year reached 2,571.8 billion yuan (US$310 billion) (excluding tariffs and agricultural taxes), up by 25.7 per cent, an increase of 525.6 billion yuan (US$63.2 billion) over the previous year. The profits made by industrial enterprises above designated size stood at 1,134.2 billion yuan (US$136.6 billion), an increase of 38.1 per cent over the previous year. Main problems that existed in the economic and social development included:
the unstable basis for agriculture, the difficulties in maintaining the growth
of grain production and rural household incomes; the large number of newly
started projects or projects under construction, high impulse of blind or
overspread investment; high price rises for energy and raw materials; the tense
relation between supply and demand of energy and transportation, the occasional
occurrence of severe accidents in production; the prominent phenomenon of the
wasting of resources and environmental pollution, and the relatively difficult
life of some households.
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