Economic census on industry and construction sector published

The result of China's first economic census in industry and construction sectors was published by the leading office of First National Economic Census of the State Council December 14.

According to the result, industry sector registered 1.451 million corporate bodies and 5.323 million private runners by the end of 2004, of which, state-owned entities stood at 30,000 (2.1 percent of the total), collective entities and private-owned corporate bodies stood at 152,000 (10.5 percent) and 947,000 (65.2 percent), respectively. Companies funded by Hong Kong, Macao and Taiwan investors reached 59,000 (4.1 percent). Foreign funded entities stood at 55,000 (3.8 percent). The remaining 208,000 companies are incorporated in other ways.

The census showed that among the 128,000 corporate bodies in construction sector, state-owned entities stood at 9,500, 7.4 percent of the total; collective entities shared 11.6 percent for 14,900, private-owned corporate bodies accounted the most of 52.2 percent, totaling 66,900, while entities funded by overseas investors stood at 1,600, about 1.2 percent of the total. The remaining 27.6 percent, or 35,100 businesses, are incorporated in other ways.

The census, which formally began on Dec. 31, 2004, was designed to draw an economic panorama of the country's fast-expanding secondary and tertiary industries and complete a database covering all economic sectors.

The census was also expected to help policy-makers and experts to have a better understanding of the overall situation of the two sectors so as to help policy-makers to draft the country's economic and social development program during 2006-2010 and formulate policies for macro-control, industrial readjustment and restructuring.

By People's Daily Online