China's economy showed moderate but stable growth
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E-mail China.org.cn, July 16, 2014
Notes:
1. The growth rate of gross domestic product, value added of industrial enterprises above designated size and its sub-items are real growth by using comparable prices. The growth rates of other indicators are nominal growth by using current prices unless otherwise specified.
2. According to the auto-revision function of the seasonal adjustment model, GDP in each quarter and the month-on-month changes of the value added of industrial enterprises above designated size, investment in fixed assets (excluding rural households), and total retail sales of consumer goods have been revised. The revised figures and figures for June as well as GDP of the first half year of 2014 are as follows:
The quarter-on-quarter growth of GDP in 2013 and the first half year of 2014 were 1.6 percent, 1.8 percent, 2.3 percent, 1.7 percent, 1.5 percent and 2.0 percent respectively.
3. From 2012, the NBS implemented the new Industrial Classification for National Economic Activities (GB/T4754-2011). For more detailed information, please refer to the website of the National Bureau of Statistics of China.
4. The eastern areas include 11 provinces and municipalities: Beijing, Tianjin, Hebei, Liaoning, Shanghai, Jiangsu, Zhejiang, Fujian, Shandong, Guangdong and Hainan; central areas cover 8 provinces: Shanxi, Jilin, Heilongjiang, Anhui, Jiangxi, Henan, Hubei and Hunan; western area include 12 provinces, autonomous regions and municipality: Inner Mongolia, Guangxi, Chongqing, Sichuan, Guizhou, Yunnan, Tibet, Shaanxi, Gansu, Qinghai, Ningxia and Xinjiang.
5. Industrial enterprises above designated size are industrial enterprises with annual revenue from primary activities over 20 million yuan.
6. Units above designated size in total retail sales of consumer goods include wholesale enterprises, retail enterprises and lodging and catering enterprises with annual revenue from principle business over 20 million yuan, 5 million yuan and 2 million yuan respectively.
Online retail sales refer to the retail sales of goods and services realized through internet trading platforms (including self-built websites and third-party platforms) by enterprises (units, self-employed and individuals). Goods and services include physical goods, virtual goods and services. The online retail sales of the units above designated size refer to the retail sales of consumer goods conducted through Internet trading platforms (including self-built websites and third-party platforms) by units above designated sizes.
There are great differences between the online retails sales and the total retail sales of consumer goods in coverage and definition. The sales of virtual goods, services and a few other goods for production operation and resale, included in online retail sales are not covered by the total retail sales of consumer goods. The relation of the two cannot be described as full inclusion.
7. In the fourth quarter of 2012, the National Bureau of Statistics (NBS) of China conducted the reform of integrated survey of urban and rural households, unifying the names, classification and statistical standards of urban and rural households and selecting 160 thousand urban and rural households across the country to conduct direct surveys. On its basis, per capita disposable income of national residents was calculated according to the new definitions which make urban and rural households comparable. Meanwhile, per capita net income of rural households and per capita disposable income of urban households were also surveyed and calculated according to the old definitions to make the data comparable with previous years.
8. The median of per capita disposable income of urban and rural households refers to the per capita disposable income of households which lies in the middle of all surveyed households ranked from low to high on the basis of per capital disposable income level.
9. Data of imports and exports are from the General Administration of Customs; data of money supply and deposits and loans and social financing are from the People's Bank of China.
10. Due to the rounding-off reasons, the subentries may not add up to the aggregate totals.
In case of any differences between English translation and the original Chinese text, the Chinese edition shall prevail.
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