MIIT Reports on China's Industrial and Economic Operations for 2009

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Researched by Industrial Info Resources (Sugar Land, Texas)--With a group of stimulus programs designed to ensure growth and expand domestic demand, value added to China's industrial enterprises with annual sales income of more than RMB 5 million yuan ($732,000) increased 11% year over year in 2009, which was 1.9 percentage points lower than the previous year, according to the Report on China's Industrial and Economic Operation for 2009, issued by the Ministry of Industry and Information Technology on January 29, 2010.

In 2009, value added to light industry increased of 9.7% year over year, while heavy industry reported an increase of 11.5% year over year, which was 2.6 and 1.7 percentage points lower than the previous year, respectively.

Value added in China's eastern, central and western regions rose 9.7%, 12.1% and 15.5%, respectively. The growth of the eastern region reached a low of 2.3% in the first two months of the, but reached 16.6% and 16.4% in November and December 2009, respectively. The Central and west regions also rebounded swiftly, with growth reaching 23.3% and 25.1% in November, and 23.6% and 20.5% in December, respectively. In 2009, 24 provinces had a growth rate above 10%, including:

• growth of 24.2% in Inner Mongolia
• growth of 22.8% in Tianjin
• growth of 22.6% in Anhui
• growth of 21.2% in Sichuan
• growth of 14.9% in Shandong
• growth of 14.6% in Jiangsu
• growth of 14.6% in Henan
• growth of 16.8% in Liaoning

In 2009, the sales ratio of industrial products was 97.7%, which was of the same level as 2008. In December 2009, the sales ratio of industrial products was 99.3%, which was 0.9 percentage point higher year over year.

In 2009, the export delivery value of industrial enterprises reached $1.07 trillion, a year-on-year decrease of 10.1%. Of this, the drop in the first eight months of the year was more than 13%, which turned to positive growth of 5.3% and 12.4% in November and December, respectively.

The benefit of industrial enterprises was obviously improved from March. From January to November 2009, the profit of the industrial enterprises with annual sales income of more than RMB 5 million yuan reached $378.52 billion, an increase of 7.8% year over year.

(Note: Based on the exchange rate of $1 = RMB 6.84 yuan)

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