On the Basic Current Conditions, Industrial and Trade Structures, and IndustrialâRegional Distribution of NonâState-Owned Economies in Our Country

Fang Xiangdong

Chinese Economy, 1997, vol. 30, issue 6, 66-91

Abstract: For more than the past decade there has been a period of rapid growth of the nonâstate-owned economy in our country. In the period from 1978 to 1994, the following areas of the nonâstate-owned economic sector and their average annual growth rates were: number of people employed, 8.8 percent; gross industrial output value in this sector, 28.2 percent; gross amount of retail commodity sales, 28.2 percent; and amount of fiscal revenue submitted to the government, 16.9 percent. In each case, these figures are far greater than those that pertain to the state-owned economic sector. In view of this, the relative weight of the nonâstate-owned economy in terms of [its contribution to] the number of nonagriculturally employed workers [in the economy as a whole] has risen from 36.5 percent in 1978 to 60.1 percent in 1993. The industrial output value accounted for by the nonâstate-owned sector has also risen from 22.4 percent of the total [in 1978] to 65.9 percent [in 1993]. Whereas in 1978 the nonâstate-owned economy accounted for 45.4 percent of the gross amount of retail sales of commodities in the national economy, in 1993, that figure rose to 68.1 percent, while its share of the fiscal revenues submitted to the government increased in the same period from 13.2 percent to 34.3 percent. Taking all of this into consideration, we may rightfully state the basic fact that the nonâstate-owned economy already makes up, or occupies, half of the national economy as a whole. In the following article we shall examine the state of development and growth in the various categories and types of nonâstate-owned economies in the past dozen years or so.

Date: 1997
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