8 The Economic Perspective for the People.doc

The Economic Perspective for the People’s Republic of China 中国经济前景 With a strong performance in the trade sector after World Trade Organization accession, record inflow of foreign direct investment, and large fixed investment, the country continued its rapid economic expansion in 2002, recording one of its fastest rates in 5 years. Strong economic performance is expected to continue, though growth will slow slightly in 2003-2004. however, many challenges remain, including slow growth in rural incomes, the need to create jobs and an enabling environment for the private sector, growing disparities between the coastal and interior provinces, and financial sector weaknesses.随着加入WTO后贸易部门的强劲表现，创纪录的外国直接投资的流入，以及大量的固定资产投资，2002年，我国经济继续高速扩张，创下5年来最快的速度。强劲的经济表现可以期望继续下去，尽管2003-2004年增长速度将会稍慢。然而同时，许多挑战还存在，包括：农村收入增长缓慢，增加就业的需求，私营企业的需要更宽松的环境，沿海与内地省份的发展差距，以及金融部门的发展落后。 1. Macroeconomic Assessment宏观经济评估 GDP growth in PRC accelerated to 8% in 2002 from 7.3% in 2001, moving higher than 7.8% average of the previous 5 years. This higher than expected figure resulted from exports performing better than anticipated, surging foreign direct investment (FDI), and buoyant domestic demand. Expansionary fiscal and monetary policies also played a role.中国的GDP增长率从2001年的7.3%加速到2002年的8%，快于过去五年7.8%的平均水平。比预计的数字快是由于出口表现好于预期，外国直接投资（FDI）的涌入，以及活跃的国内需求。扩张性的财政与货币政策也扮演了角色。 Industry (including construction) was the key engine of economic growth, with value added accelerating to 9.9% in 2002 from 8.7% in 2001. electronic equipment, transportation equipment, and chemical products all did well. A surge in FDI and export growth resulted in the value added of the foreign-funded enterprises increasing by 13.3%. supported mainly by growth in transportation, telecommunications, and real estate, the services sector expanded by 7.3% in 2002 (though because of weaknesses in the statistical system, growth in this sector is probably underestimated). Despite a spring drought, agriculture sector performance improved slightly com