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Explanatory Notes on Main Statistical Indicators
 

Total Imports and Exports at Customs refer to t he real value of commodities imported into and exported from the
boundary of China. They include the actual imports and exports through foreign trade, imported and exported goods under
the processing and as sembling trades and mat erials, supp lies and gifts as aid given gratis between governments and by
the United Nations and other international organizations, and cont ributions donated by overseas Chinese, compat riot s in
Hong Kong and Macao and Chinese with foreign citizenship, leasing commodities owned by tenant at the expirat ion of leas
ing period, the imported and exported commodities p roces sed with imported materials, commodities trading in border areas
(excluding mutual exchange goods), the imported and exp orted commodities and articles for public use of t he Sino-foreign
joint ventures, cooperative ent erprises and ventures exclusively with foreign own investment. Also included are import or exp
ort of samples and advertising goods for whose CIF or FOB value are beyond the p ermitt ed ceiling (excluding goods of no
trading or use value and free commodities for export), import ed goods sold in China from bonded warehouses and other
imported or exported goods. The indicator of the total import s and exports at cus toms can be used to observe the total size
of external trade in a country. In accordance with the stipulation of the Chinese government, imp orts are calculated at CIF,
while exports are calculated at FOB


Import Export Value by Location of China s Foreign Trade Managing Units
refers to actual value of imp orts and
exports carried out by corp orations which have been regist ered by the local cus tomhouse and are vested with right to run
import export business.


Import Value of Commodi ties by the Pl aces of their Destination and Export Value of Commodities by the
Places of their Origin in China
The former indicator refers to the value of import commodit ies of the places of their
consumption, utilization or the places of their final des tination. The lat ter indicator refers to the value of export commodit
ies of t he places of their origin or t he places of the commodities dispatched.


Utilization of Foreign Capitals refers to remittance, equipment and technology financed from abroad, by loans , foreign
direct investment and other forms undertaken by t he Chinese governments at all levels, by various departments, ent
erprises and other economic units.


Forei gn Borrowings refer to funds borrowed from abroad through formal s igning of borrowing agreements with foreign
institutions, including loans of foreign governments, loans of international financial institutions, commercial loans of foreign
banks, export credit , and funds raised by Chinese bonds (and shares before 1996) is sued abroad. It is an import ant part
of China's utiliz ation of foreign cap itals.


Foreign Direct Investment refers t o the investments inside China by foreign enterprises and economic organizations or
individuals (including overseas Chinese, compatriots from Hong Kong, Macao and Taiwan, and Chines e enterpris es
registered abroad), following the relevant policies and laws of China, for the establishment of ventures exclusively with foreign
own investment, Sino-foreign joint ventures and cooperative enterprises or for co-operative exploration of resources with
enterprises or economic organizations in China. It includes the re investment of the foreign ent repreneurs with the profits
gained from the investment and t he funds that enterprises borrow from abroad in the total investment of projects which are
approved by the relevant department of t he government.


Other Inves tment by Fore ign Entrepreneurs refers to all forms of utilizat ion of foreign capitals ot her than foreign
borrowings and foreign direct investment. It includes the total value of st ock shares in foreign currencies issued by enterpris
es at domestic or foreign stock exchanges (now mainly consisting of H shares issued at Hong Kong Security Market and B
shares issued at domest ic s ecurity market s), rent p ayable for the imported equipment t hrough int ernational leas ing
arrangement, cost of import ed equipment, technology and materials p rovided by foreign counterparts in compensation trade
and processing and assembly trade.


Contracted Projects wi th Fore ign Countrie s refer to projects undertaken by Chinese contractors (project contracting
companies) through bidding process. They include: (1) overseas civil engineering construction projects financed by foreign
investors ; (2) overseas p rojects financed by the Chines e government through its foreign aid programs; (3) cons truction
projects of Chinese diplomatic missions, trade offices and other inst itutions stationed abroad; (4)construction projects in
China financed by foreign inves tment ; (5) sub-contracted projects t o be taken by Chinese contractors through a joint
umbrella project with foreign contractor(s); (6) housing development projects . The business income from international
contract ed project s is the work volume of contracted projects completed during the reference period, expressed in monetary
terms, including completed work on projects signed in previous years.

Service Cooperation with Foreign Countries refers to the act ivities of providing technology and labour services to
employers or contractors in the forms of receiving salaries and wages.Labour services providing by contractual joint vent ures
of Chinese international contracting corporations should be included in the statistics of service co-operation with foreign
countries. The bus iness income of labour service cooperat ion is the income in the form of wages and salaries, overt ime
pay, bonuses and other remuneration received from the employ ers during the reference period.


Overseas Design and Consultation Service refers to projects with charges for technical services from overseas
operators. It includes geographic and topographic mapping, geological resource prospecting and survey, planning of
construction areas, provision of design documents, blueprints, materials on production process and techniques, as well as
engineering, technical and economic consultation, and feasibility st udy, research and evaluation of projects. Also included
under this category are the abovementioned services of foreign-financed projects in China that are paid in foreign currencies.

 
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