Comparable Prices refer to prices that are used to remove the factors of price change in calculating economic aggregates,
so as to facilitate comparison of aggregates over time. Two methods are used for calculating economic aggregates at
comparable prices: 1) Multiplying the output of products by their constant prices of certain year; 2) Deflating data at current
prices by relevant price indices.
Constant Price refers to the average price of a given product in certain year, which is used for comparison of output value
over time. As the output value at constant prices removes the factor of price changes, it reflects the trend of production
development over time. Since 1949, with the changes in general price level, National Bureau of Statistics has issued nationally
unified constant prices five times: the 1952 constant prices for 1949-1957; the 1957 constant prices for 1957-1971; the 1970
constant prices for 1971-1981; the 1980 constant prices for 1981-1990; and the 1990 constant prices have been used since
1991.
Average Annual Growth Rate Two methods for calculating average annual growth rate are applied in China, one is often
called level approach, or 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 called accumulative 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 revision of the 1994 classification was
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 economic units where the entire assets are owned by the state and
which have registered in accordance with the Regulation of the People’s 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 registered
in accordance with the Regulation of the People’s 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 People’s 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 People’s
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 domestic-funded economic units other than those mentioned above.
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 People’s 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 People’s 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 former Ministry of Foreign Trade 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 People’s 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 People’s 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 People’s Republic of China on Foreign-Funded
Enterprises and other relevant laws.
Share-holding Corporations Ltd. with Foreign Investment refer to share-holding corporations Ltd. established with
the approval from the Ministry of Foreign Trade 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 Organizations are classified into following categories by source of
funds and way of management taking reference of the registration 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-owned.
(2) Institutions: include institutions of various types established 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 government 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-owned.
(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 trade unions, womens federations
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 trade unions, womens 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-owned.
(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.
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