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Leather Exports
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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.