China: Key Indicators

Output, Employment and Prices

2000

2001

2002

2003

2004

2005 /p 2006 /p

2004

2005

2005

Year

Year

Year

Year

Year

Year Year

Q4

Q1

Q2

Q3

June

July Aug

Sep

GDP ( % change previous year)

8.0

7.5

8.3

9.5

9.5

9.3 8.7

9.5

9.4

9.5

9.4

..

.. ..

..

Industrial production index (value-added)

9.8

8.7

10.0

12.8

11.5

11.4 10.5

16.0

16.2

16.6

16.1

16.8

16.1 16

16.5

Unemployment rate (%) /1

3.3

3.6

4.0

4.3

4.2

4.4 4.4

..

..

..

..

..

.. ..

..

Real wage growth

11.4

15.2

15.5

12.0

10.5

.. ..

..

..

..

..

..

.. ..

..

Consumer price index (% change, previous year)

0.4

0.7

-0.8

1.2

3.9

2.0 2.0

3.2

2.8

1.7

..

1.6

1.8 1.3

0.9

Public Sector

Government balance (% GDP)

-3.6

-3.1

-3.4

-2.8

-1.7

-1.5 -1.0

..

..

..

..

..

.. ..

..

Domestic public sector debt (% GDP)/7

17.7

19.4

21.2

22.4

20.9

19.2 18.1

..

..

..

..

..

.. ..

..

Foreign Trade, BOP and External Debt

Trade balance ($US billion)

34.5

34.0

44.3

25.5

31.9

96.2 88.4

28.2

16.5

23.1

28.5

9.7

10.6 10.1

8.0

Exports of goods ($US billion)

249.1

266.1

325.6

438.4

593.4

772.0 926.0

177.1

155.9

186.5

204.1

66

65.6 67.7

70.7

 (% change, previous year)/2

27.9

7.2

22.4

34.6

35.4

30.0 20.0

35.6

34.7

31.0

29.1

30.6

28.5 33.2

27.2

Key export (% change, previous year) /3

32.0

10.0

23.9

35.9

37.0

32.0 21.0

37.1

34.7

31.4

..

31.1

28.7 ..

..

Imports of goods ($US billion)

214.7

232.1

281.3

412.8

561.4

747.0 950.0

149.1

139.4

163.4

175.6

56.3

55 57.6

62.7

 (% change, previous year)/2

35.8

8.2

21.2

39.8

36.1

20.3 24.0

30.5

12.3

16.1

19.1

15.7

12.1 23.5

23.4

Current account balance ($US billion )

20.5

17.4

35.4

45.9

68.7

123.0 105.4

..

..

..

..

..

.. ..

..

 (% GDP)

1.9

1.5

2.8

3.2

4.2

6.2 4.7

..

..

..

..

..

.. ..

..

Foreign direct investment (US$ billion)/4

40.8

46.9

52.7

53.5

60.6

53.0 55.0

11.9

13.4

15.2

14.6

6.2

4.5 4.9

5.2

Total external debt ($US billion)

145.7

170.1

168.3

193.3

228.8

.. ..

..

..

..

..

..

.. ..

..

 (% GDP)

13.5

14.5

13.3

13.6

13.8

.. ..

..

..

..

..

..

.. ..

..

Short-term debt ($US billion)

13.1

41.6

47.9

73.0

96.9

.. ..

..

..

..

..

..

.. ..

..

Debt service ratio (% exports of g&s)

9.7

8.1

8.4

7.6

3.6

3.0 2.4

..

..

..

..

..

.. ..

..

Reserves, including gold ($US billion)

168.9

216.3

292.0

409.2

615.5

809.5 991.9

615.5

664.2

..

..

..

.. ..

..

 (months of imports of goods and services)

6.7

9.4

10.5

10.6

12.0

12.6 12.0

..

..

..

..

..

.. ..

..

Total reserves excl. gold ($US billion)

168.3

215.6

291.1

408.2

614.5

808.5 990.9

614.5

663.2

715.0

775.0

715.0

736.3 756.6

775.0

Financial Markets

Domestic credit (% change, previous year, nominal)

11.0

13.6

29.3

19.6

9.2

11.5 11.4

9.2

8.8

10.2

..

10.2

10.9 ..

..

Short-term interest rate (less than 20 days)/5

3.2

3.2

2.7

2.7

3.3

3.3 ..

3.3

3.3

3.3

..

3.3

3.3 3.3

3.3

Exchange rate (end-period)

8.3

8.3

8.3

8.3

8.3

8.1 7.9

8.3

8.3

8.3

..

8.3

8.2 8.1

..

Real effective exchange rate ( + = appn) 2000=100

100.0

104.3

102.6

96.7

95.0

90.3 88.4

93.5

92.9

..

..

..

.. ..

..

 (% change, previous year)

2.6

4.3

-1.6

-5.8

-1.8

-4.9 -2.1

-1.5

-0.8

..

..

..

.. ..

..

Stock market index (Dec. 19, 1990=100), close/6

2192.4

1712.5

1419.1

1569.1

1330.2

.. ..

1330.2

1239.3

1135.1

1214.0

1135.1

1138.7 1222.2

1214.0

Memo: GDP (US$ billion)

1081.0

1175.7

1271.0

1418.3

1653.8

1969.0 2245.0

523.9

378.3

436.0

480.0

..

.. ..

..