Explanatory Notes on Main Statistical Indicators

 

Administrative Division  refers to the division of admin- istrative areas by the state. The Constitution of the People’s Republic of China stipulates that the administrative areas in China are divided as: 1) The whole Country is divided into provinces, autonomous regions and municipalities directly under the central government; 2) Provinces and autonomous regions are divided into autonomous prefectures, counties, autonomous counties and cities; 3) Autonomous prefectures are divided into counties, autonomous counties and cities; 4) Counties and autonomous counties are divided into townships, nationality townships and towns; 5) Municipalities and large cities are divided into districts and counties, 6) The state shall, when necessary, establish special administrative regions.

Average Annual Growth Rate  Two methods for calcul- ating average annual growth rate are applied in China,one is often called level approachor the method of calculating geometric average,which is derived by comparing the level of the last year of the interval with that of the beginning year;the other is calledaccumulative approach or algebraic average or equation method,which is derived by the summation of the actual figure of each year in the interval divided by the figure in the base year.Usually the results calculated by the two methods are fairly close, but they differed sharply when uneven economic development occurred with striking fluctuations in growth.

The average annual growth rates listed in this statistical yearbook are calculated by level approach except for the growth rate of investment in fixed assets. The base years are not listed when the years are listed for average annual growth rates. For instance,the average annual growth rate of 43 years since 1949 is listed as average annual growth rate of 1950-1992 without listing the base year 1949.And the analogy of this is also the same for the rest of the years.

Industrial Classification of the National Economy  The new Industrial Classification of the National Economy (GB/T 4754-2002) is introduced starting from the compilation of 2003 annual statistics. The new revision was based on the 1994 classification and organized by the National Bureau of Statistics taking into consideration of the International Standards of the Industrial Classification of All Economic Activities (ISIC/Rev.3) of the United Nations, and the new Classification was promulgated by the National Administration of Quality Supervision, Inspection and Quarantine on May 10, 2002. The revised version of the Industrial Classification of the National Economy (GB/T 4754-2002) is composed of 20 major divisions, 95 divisions, 396 major groups and 913 groups, including 4 new major divisions, 3 new divisions, 28 major groups and 67 groups.

Registration Status of Enterprises  Enterprises are classified into 3 categories, namely domestic-funded enterprises, enterprises with investment from Hong Kong, Macau and Taiwan, and enterprises with foreign investment, in the light of the registration status of an enterprise in industrial and commercial administration agencies. Domestic-funded enterprises include state-owned enterprises, collective-owned enterprises, cooperative enterprises, joint ownership enterprises, limited liability corporations, share-holding corporations Ltd., private enterprises and other enterprises. Included in the enterprises with investment from Hong Kong, Macau and Taiwan and enterprises with foreign investment are joint-venture enterprises, cooperative enterprises, sole investment enterprises and share-holding corporations Ltd. For government agencies, institutions and social organizations which are not requested to be registered in industrial and commercial administration agencies, they are classified mainly by their sources of funds and way of management.

State-owned Enterprises  refer to non-corporation econo- mic units where the entire assets are owned by the state and which have registered in accordance with the Regulation of the Peoples Republic of China on the Management of  Registration of Corporate Enterprises. Excluded from this category are sole state-funded corporations in the limited liability corporations.

Collective-owned Enterprises refer to economic units where the assets are owned collectively and which have regist- ered in accordance with the Regulation of the Peoples Republic of China on the Management of Registration of Corporate Enterprises.

Cooperative Enterprises refer to a form of collective economic units (enterprises) where capitals come mainly from employees as their shares, with certain proportion of capital from the outside, where production is organized on the basis of independent operation, independent accounting for profits and losses, joint work, democratic management, and a distribution system that integrates remuneration according to work with dividend according to capital share.

Joint Ownership Enterprises refer to economic units established by two or more corporate enterprises or corporate institutions of the same or different ownership, through joint investment on the basis of equality, voluntary participation and mutual benefits. They include state joint ownership enterprises, collective joint ownership enterprises, joint state-collective enterprises, other joint ownership enterprises.

Limited Liability Corporations refer to economic units established with investment from 2-50 investors and registered in accordance with the Regulation of the Peoples Republic of China on the Management of Registration of Corporations, each investor bearing limited liability to the corporation depending on its share of investment, and the corporation bearing liability to its debt to the maximum of its total assets. Limited liability corporations include exclusive state-funded limited liability corporations and other limited liability corporations.

Share-holding Corporations Ltd.  refer to economic units registered in accordance with the Regulation of the Peoples Republic of China on the Management of  Registration of Corporations, with total registered capitals divided into equal shares and raised through issuing stocks. Each investor bears limited liability to the corporation depending on the holding of shares, and the corporation bears liability to its debt to the maximum of its total assets.

Private Enterprises  refer to profit-making economic units invested and established by natural persons, or controlled by natural persons using employed labour. Included in this category are private limited liability corporations, private share-holding corporations Ltd., private partnership enterprises and private-funded enterprises registered in accordance with the Corporation Law, Partnership Enterprises Law and Interim Regulations on Private Enterprises .

Other Domestic-funded Enterprises  refer to domesticfund- ed economic units other than those mentioned above.

Joint-venture Enterprises with Funds from Hong Kong, Macau and Taiwan  refer to enterprises jointly established by investors from Hong Kong, Macau and Taiwan with enterprises in the mainland of China in accordance with the  Law of the Peoples Republic of China on Sino-foreign Joint Venture Enter- prises and other relevant laws, where the share of investment, profits and risks is stipulated in the contract.

Cooperative Enterprises with Funds from Hong Kong Macau and Taiwan  established by investors from Hong Kong, Macau and Taiwan with enterprises in the mainland of China in accordance with the Law of the Peoples Republic of China on Sino-foreign Cooperative Enterprises and other relevant laws, where the investment or provision of facilities, and the share of profits and risks is stipulated in the cooperative contract.

Enterprises with Sole (exclusive) Investment from Hong Kong, Macau and Taiwan  refer to enterprises established in the mainland of China with exclusive investment from investors from Hong Kong, Macau and Taiwan in accordance with the Law of the Peoples Republic of China on Foreign-Funded Enterprises and other relevant laws.

Share-holding Corporations Ltd. with Investment from Hong Kong, Macau and Taiwan  refer to share-holding corporations Ltd. established with the approval from the Ministry of Foreign Trades and Economic Relations in line with relevant state regulations, where the share of investment from Hong Kong, Macau or Taiwan businessmen exceeds 25% of the total registered capital of the corporation. In case the share of investment from Hong Kong, Macau or Taiwan is less than 25% of the total registered capital, the enterprise is to be classified as domestic-funded share-holding corporation Ltd.

Joint-venture Enterprises with Foreign Investment  refer to enterprises jointly established by foreign enterprises or foreigners with enterprises in the mainland of China in accordance with the  Law of the Peoples Republic of China on Sino-foreign Joint Venture Enterprises and other relevant laws, where the share of investment, profits and risks is stipulated in the contract.

Cooperation Enterprises with Foreign Investment  refer to enterprises jointly established by foreign enterprises or foreigners with enterprises in the mainland of China in accordance with the Law of the Peoples Republic of China on Sino-foreign Cooperative Enterprises and other relevant laws, where the investment or provision of facilities, and the share of profits and risks is stipulated in the cooperative contract.

Enterprises with Sole (exclusive) Foreign Investment  refer to enterprises established in the mainland of China with exclusive investment from foreign investors in accordance with the Law of the Peoples Republic of China on Foreign-Funded Enterprises and other relevant laws.

Shareholding Corporations Ltd. with Foreign Investment  refer to share-holding corporations Ltd. established with the approval from the Ministry of Foreign Trades and Economic Relations in line with relevant state regulations, where the share of investment from foreign investors exceeds 25% of the total registered capital of the corporation. In case the share of foreign investment is less than 25% of the total registered capital, the enterprise is to be classified as domestic-funded share-holding corporation Ltd.

Government Agencies, Institutions and Social Organiz- ations are classified into following categories by source of funds and way of management taking reference of the re- gistration status of enterprises:

(1) Government agencies: include state and party agencies, classified in principle as “state-owned”. There are exceptions, such as supply and marketing cooperatives which are classified as “collective”.

(2) Institutions: include institutions of various types est- ablished with the approval by organization and staffing departments of the government, but exclude institutions where enterprise management system is introduced. Institutions are further classified as follows:

(a) Institutions whose main budget is listed in the govern- ment budget appropriations or extra-budget funds, or allocated from the budget of their competent government agencies. Such institutions are classified as “state-owned”.

(b) Institutions whose budget mainly comes from collective units. Such institutions are classified as “collective”.

(c) Institutions other than those mentioned above whose source of budget is not clear. Such institutions are classified by way of management.

(3) Social organizations: include social organizations established with the approval from the Ministry of Civil Affairs, and organizations that are not covered by social organization management regulations such as Trades unions, women’s fe- derations etc. Social organizations are further classified as follows:

(a) Social organizations that are not covered by social organization management regulations of the Ministry of Civil Affairs such as Trades unions, women’s federations, communist youth leagues, youth associations, industrial and commerce associations, scientists associations, overseas Chinese associations, etc.foundations and fund management organizations established with funds from the state, and social organizations whose funds mainly come from the budget of their competent government agencies. Such institutions are classified as “state-owned”.

(b) Social organizations whose budget mainly comes from collective units. Such institutions are classified as “collective”.

(c) Social organizations established by individual or a group of citizens, which are classified as “private”.

(d) Social organizations other than those mentioned above whose source of budget is not clear. Such organizations are classified by way of management.

Each Plan Period  recovery period refer to 1950-1952;the first five-year plan refer to 1953-1957;the second five-year plan refer to 1958-1962;the third five-year plan refer to 1966-1970;the fourth five-year plan refer to 1971-1975;the fifth five-year plan refer to 1976-1980;the sixth five-year plan refer to 1980-1985;the seventh five-year plan refer to 1986-1990;the eighth five-year plan refer to 1991-1995;the ninth five-year plan refer to 1996-2000;the tenth five-year plan refer to 2001-2005;the eleventh five-year plan refer to 2006-2010the twelvth five-year plan refer to 2011-2015.

enterprises Climate Survey  It is a statistics survey, which compile the climate index by regular paper survey to a section of entrepreneurs, based on entrepreneur’s judgement and forecast to the production situation of their own enterprises and the macro-economy situation, and thus we can analyse and predict the current situation and future trend of the economic performance.

Business climate index  It is the quantitative disposition and compilation of the qualitative economic indicators of the business climate survey, which can improve a comprehensive description of the real situation or the future trend of a special survey group or a social and economic phenomenon. The business climate index is ranging from 0 to 200. 100 is the critical value, when the climate index is larger than 100, it shows that the economic performance is picking up or improving. When it is lower than 100, it shows that the economic performance is declining or worsening.

Entrepreneur confidence index  also called as the macro-economy climate index. It is a index based on entrepreneur’s recognition, opinion, judgement and forecast to the market circumstances and macro-policies, It is a comprehensive desc-ryption of the entrepreneur’s impression and confidents of the macro-economy circumstances .

Business climate index also called as the comprehensive production and management climate index of enterprises. It is compiled basing on entrepreneur’s judgement on production situation of their own expectation for the future performance. It is the description of the comprehensive production and management situation of the enterprises.