Industry has become the "top contributor " in China's economic growth, and China is now at the stage witnessing a rapid development of some stressed sectors of the industry, said Yao Jingyuan, general economist and also spokesman of National Bureau of Statistics. He made clear the "status" of China's economic development at the "3rd World Chinese Forum" held on July 15.

Yao said that the year 2003 is a year in which China's economy made brilliant achievements, as the economic growth rate was 9.1 percent, GDP reached RMB 11.6694 trillion yuan, and the GDP per capita surpassed 1000 US Dollars.

Yao pointed out that in 2003, China's economic growth had two unique features. One is that the overall economic growth mainly came from the increase of industry; The whole China's industry has achieved a contribution rate of 62.3 percent for the entire economic growth, which shows that China's economy is rapidly surging forward along the way of industrialization. The other is that the added value of the five major industries, namely electronic communication equipment manufacturing industry, transport equipment manufacturing industry, electronic machinery, metallurgical and chemical industry, has accounted for 50.2 in the whole industrial added value. This indicates that the proportion of the stressed industries in China's industry structure is increasing rapidly.

By People's Daily Online