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| Leather Exports |
| Market Intelligence |
| Importing Countries |
| Exporting Countries |
People's
Republic of China
Leather Summary
|
Leather
|
1996
US$ '000 |
1997
US$ '000 |
1998
US$ '000 |
|
Exports: Leather |
266,821 |
326,565 |
349,897 |
|
Exports: Leather/Textile Machinery |
3,294,754 |
2,227,782 |
1,436,532 |
|
Exports: Leather Manufacturers |
64,277 |
87,447 |
110,180 |
|
Imports : Leather |
2,029,238 |
2,134,623 |
1,902,224 |
|
Imports : Leather/Textile Machinery |
389,927 |
457,300 |
479,631 |
|
Imports : Leather Manufacturers |
5,860 |
5,504 |
2,193 |
Macro-Economic Data
(Billions of U.S. Dollars unless otherwise indicated)
|
|
1996 |
1997 |
1998 * |
| Income, Production and Employment: |
|
|
|
| Nominal GDP |
816.9
|
903.1
|
965.0
|
| Real GDP Growth (per cent) ** |
9.6
|
8.8
|
7.8
|
| GDP by Sector: *** |
|
|
|
| Agriculture |
167.3
|
168.7
|
169.0
|
| Manufacturing |
350.4
|
444.1
|
486.0
|
| Services |
299.2
|
290.3
|
311.0
|
| Government |
19.5
|
N/A
|
N/A
|
| Per Capita GDP (US$) |
678.8
|
734.2
|
779
|
| Labor Force (millions) |
697
|
706
|
715
|
| Unemployment Rate (per cent) # |
3.0
|
3.1
|
3.4
|
| Money and Prices (annual percentage growth): |
|
|
|
| Money Supply (M2) |
25.2
|
19.6
|
17.0
|
| Consumer Price Inflation |
7.0
|
2.8
|
-0.7
|
| Exchange Rate |
|
|
|
| Balance of Payments and Trade: |
|
|
|
| Total Exports FOB |
151.1
|
182.7
|
190.0
|
| Exports to India |
|
|
|
| Total Imports CIF |
138.8
|
142.4
|
143.0
|
| Imports from India FAS |
|
|
|
| Trade Balance |
12.2
|
40.3
|
47.0
|
| Balance with U.S. |
39.5
|
49.7
|
58.5
|
| External Public Debt |
116.3
|
131.0
|
142.0
|
| Fiscal Deficit/GDP (per cent) |
1.5
|
1.5
|
2.2
|
| Current Account Surplus/GDP (per cent) |
0.9
|
4.5
|
4.9
|
| Debt Service Payments/Exports (per cent) |
6.7
|
7.3
|
7.6
|
| Payments/GDP (per cent) |
1.2
|
1.5
|
1.5
|
| Gold and Foreign Exchange Reserves |
105
|
142
|
146
|
| Aid |
0.3
|
0.4
|
0.6
|
* Estimated from third quarter and end September 1998 data.
** Official growth rate published by State Statistical Bureau based
on constant renminbi (RMB) prices using 1978 weights. All other income
and production figures are converted into dollars at the exchange
rate. Economic experts continue to debate the accuracy of these figures,
with some arguing that real growth may be half or less the official
rate.
*** Production and net exports are calculated using different accounting
methods and do not tally to total GDP. Agriculture includes forestry
and fishing; manufacturing includes mining.
# Official urban unemployment rate; agricultural laborers are assumed
to be totally employed in China's official labor data.