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July 4 to July 10, 2005
China's corporate efficiency indices were down slightly to 131.7 points in the second quarter of 2005, 0.8 points less than the first quarter of 2005 and 2.7 points less year-on-year, according to a report released by the National Bureau of Statistics (NBS) on July 5. The efficiency indices in China's mining, transmission computer service and software sectors are 162.8 and 154.2 points, up 3.7 and 1.9 points over the first quarter of 2005. The country's manufacturing, transport, storage and postal service, wholesale and retail and real estate efficiency indices are 128.4, 130.7, 135 and 126.6 points, down 2.4, 5.8, 6.8 and 8.0 points over the first quarter. The efficiency indices in construction, accommodations and catering are 128.7 and 125.7 points, up 6.8 and 7.4 points over the first quarter, and in the sector of production and supply of power, gas and water, and the sector of service, efficiency is down 7.1 and 3.5 points respectively over the first quarter, to 137.2 and 126.0. The corporate efficiency indices in central and western China are 131.5 and 125.6 points, keeping the same level as the first quarter and the same quarter of last year. The corporate efficiency index in eastern China is 134.3 points, 2.1 points down over the first quarter and 5.3 points less year-on-year. The efficiency indices are drawn from surveys of 19,500 enterprises in the country.
About 26.1 million Chinese people are still in abject poverty in rural areas and 22 million urban residents live on minimum living allowance, Minister of Civil Affairs Li Xueju said on July 5. China, the world's most populous country with a population of 1.3 billion, has set its poverty line at an annual per-capita income of 668 yuan (81 US dollars). There are still another 49.77 million rural people with an annual per-capita income of less than 924 yuan (112 US dollars). By the end of 2005, China will establish a social aid framework for rural and urban people in need in 90% of the provinces, covering 70% of the total countries. China's central government has decided to pour 7.46 billion yuan (0.9 billion US dollar) in 2005 as special aid for the disabled servicemen or family members of revolutionary martyrs, a rise of 3.53 billion yuan over that of 2004. In the first half of this year, the country has allocated 1.84 billion yuan as relief fund for spring disasters, assisting 45.52 million victims. China’s population in abject poverty was reduced from 250 million to 26 million during 1978 and 2004. The ratio of the very poor to the total rural population has been reduced from 30.7% to 3.1%.
Sino-Kazakh trade increased 12 times to reach nearly 4.5 billion US dollars in 2004 from 1992's 368 million US dollars, according to the Ministry of Commerce. In the first five months of this year, the volume of bilateral trade was 2.27 billion US dollars, up 25.5% over the same period last year. In 2004, bilateral trade was 4.498 billion US dollars, up 36.6% on a year-on-year basis. China exported 2.2 billion US dollars-worth goods and imported 2.28 billion US dollars worth.
In January-May, China reported 10 billion US dollars in trade with Russia, up 29.7% over the same period last year, according to the Ministry of Commerce. Since 1999, bilateral trade has grown by 30% annually. In 2004, bilateral trade volume reached a record high of 21.23 billion US dollars.
The amount of Chinese investment in the U.K. jumped by 61% in 2004-2005 period, according to the latest report by the UK Trade & Investment (UKTI). The number of projects financed by Chinese capital increased from 23 to 37 over the past year but such projects were numbered only 11 in 2000-2001, according to the report. The hectic growth was attributed to the accelerated internationalization of the operations by Chinese enterprises and strong economic growth of China.
A total of 129.15 million people in China have joined medical insurance system by the end of May, or 14.31 million people more than in the same period of last year.
Investigation of the National Bureau of Statistics show that China’s business confidence index was 128.5 in the second quarter of this year, 7.4 points lower than in the first quarter and 3.0 points lower than in the same period of 2004.
China's business confidence index in the property market dropped 19.8 points in the second quarter compared with the first three months of this year, according to the National Bureau of Statistics (NBS). The result comes from a quarterly survey of 19,500 companies of various kinds. The new index declined by 14.6 points from the same period of last year.
China had produced 9.174 million tons of sugar in the 2004-05 crop year by
the end of May, dropping by 8.4% year-on-year, according to the Ministry of
Commerce. The output of cane sugar amounted to 8.571 million tons, a 9.08%
year-on-year decrease, and that of beet sugar, 603,000 tons, growing by
2.73% as compared with the corresponding period of last year. The country
sold 6.588 million tons of sugar, down by 6.09% year-on-year, including
6.022 million tons of cane sugar, decreasing by 7.68% year-on-year, and
566,000 tons of beet sugar, rising by 15.04% year-on-year.
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