Latest Market Numbers Out of China

Everyone always wants solid market numbers, and while sometimes that’s an oxymoron,
here’s the latest we’ve found from China, thanks to the Xinhua News Agency.
The first is in an article
saying, “China Information Industry Booming, Despite Global Slowdown”. Included
in that set of numbers are statistics that “showed that the added industrial
value of China’s electronic products manufacturing was RMB91.9 billion (US$11.1
billion) for the first six months of 2002, a 10.3-percent increase year-on-year.
According to statistics released from a recent forum on the development of the
information industry held in Tianjin, a port city in northern China, electronic
products sales totaled RMB441.3 billion for the six-month period, a year-on-year
increase of 16.7 percent, and export volume was US$38.59 billion, a 33.3 percent
year-on-year increase accounting for 27.2 percent of China’s total exports.”
Further, “software exports reached US$600 million during the six-month
period, a 41-percent, year-on-year increase. By the end of June, communication
services income totaled RMB218.94 billion, up 15.6 percent from the same period
in 2001. The number of telephone subscribers was 375 million, with the number
of new subscribers increasing by 8.54 million per month on average. There were
30.2 telephones per 100 people, and 85.3 percent of China’s administrative villages
had access to telephones. The number of persons with access to the Internet
was 39.76 million by the end of June.” In a separate article
from Bejing, the growth of fixed asset investments is evidently continuing
to accelerate in China. In August of this year, investments reached an “accumulated
annual rate of 24.2 percent over the first eight months of 2002. Figures released
by the National Bureau of Statistics (NBS) showed the growth rate was 5.3 percentage
points higher than in the corresponding period of 2001. Fixed asset investment
totaled RMB1,653 billion (US$200 billion) for the period from January to August,
according to the NBS. NBS figures showed investment in infrastructure construction
surged 23.9 percent during the period, while investment in technical innovation
and upgrading increased by 16.4 percent. The growth rate of investment in both
areas rose significantly. According to the NBS, fixed asset investment in western
and eastern areas of the country grew faster than in the previous seven months,
however, investment in central China slowed slightly.”