Explanatory Notes on Main Statistical Indicators
Industry refers to the material production sector which is engaged in excavation of natural material resources, processing and reprocessing of industrial and agricultural raw materidls, including: (1) exploitation of natural resources, such as mining, solar salt, but not including hunting and fishing ; (2) processing and reprocessing of farm and sideline products, such as rice husking, wine making, oil pressing, cotton ginning, silk reeling, spinning and weaving, and leather making; (3) manufacture of industrial products, such as steel making, iron smelting, chemicals manufacturing, petroleum processing , machine building, timber processing; water and gas production and electricity generation and supply; (4) repairing of industrial products such as the repairing of machinery and means of transport (such as cars) .
Corporate Industrial Enterprises with Independent Accounting System refer to enterprises engaging in industrial production activities, which meet the following requirements: 1. They are established legally, having their own names, organizations, location, able to take civil liability; 2. They possess and use their assets independently, assume liabilities, and are entitled to sign contracts with other units; 3.They are financially independent, and compile their own balance sheets.
Collective-owned Enterprises refer to industrial enterprises where the means of production are owned collectively, including urban and rural enterprises invested by collectives and some enterprises which were formerly owned privately but have been registered in industrial and commercial administration agency as collective units through raising fund from the public.
State-holding Enterprises includes: (1) absolutely state-holding enterprises whose state paid-up capital(stock) shares are more than 50%. (2) relatively state-holding enterprises that state shares are less than 50%,but relatively more than other economic units , or no more than other economic units, but according to agreement, the state have actuary controlling ability to the enterprises. (3) enterprises that one of the two 50-50 investors is state-owned, without conforming which investor is absolute holding.
Share-holding Enterprises refer to economic units set up on cooperative basis, with funding party from members of the enterprises and partly from outside investment, where the operation and management is decided by the members who also participate in the production, and the distribution of income is based both on work (labor input) and on shares (capital input).
Joint-operation Enterprises refer to economic units that are established by joint investment by two or more corporate enterprise or institution of the same or different types of ownership on voluntary, equal and mutual-beneficial basis. They include state-owned joint-operation enterprises, collective joint-operation enterprises, state-collective joint-operation enterprises, other joint-operation etc.
Share-holding Liability Corporations refers to economic units registered in accordance with the Regulation of the People¡¯s Republic of China on the registration of corporation enterprises, assets are collected by above 2 investors, bellow 50 investors, each investor bears limited liability to the corporation depending on the holding of shares, and the corporation bears liability to its debt to the maximum of its total assets. They include state-owned enterprises and other share-holding liability corporations.
Share-holding Corporations Lid. refer to economic units registered in accordance with the Regulation of the People¡¯s Republic of China on the Management of Registration of Corporation Enterprises, with total registered capital divided into equal shares and raised through issuing stocks. Each investor bears limited liability to the corporation depending on the holding of shares, and the corporation bears to its debt to the maximum of its total assets
Private Enterprises refer to economic units invested or controlled (by holding the majority of the shares) by natural persons who hire labors for profit-making activities. Included in this category are private limited liability corporations, private share-holding corporations ltd., private partnership and private sole investment enterprises registered in accordance with the Corporation law, Partnership law, Tentative Regulation on Private Enterprises and Individual Proprietorship Enterprise Law.
Light Industry refers to the industry that produces consumer goods and hand tools. It consists of two categories, depending on the materials used: (1) Industries using farm products as raw materials. These are branches of light industry which directly or indirectly use farm products as basic raw materials, including the manufacture of food and beverages, tobacco processing, textile, clothing, fur and leather manufacturing, paper making, printing, etc. (2) Industries using non farm products as raw materials. These are branches of light industry which use manufactured goods as raw materials, including the manufacture of cultural, educational articles and sports goods, chemicals, synthetic fiber, chemical products for daily use, glass products for daily use, metal products for daily use, hand tools, medical apparatus and instruments, and the manufacture of cultural and clerical machinery.
Heavy Industry refers to the industry whose produces capital goods, and provides various sectors of the national economy with necessary material and technical basis. It consists of the following three branches according to the purpose of production or the use of products: (1) Mining, quarrying and logging industry refers to the industry that extracts natural resources, including extraction of petroleum, coal, metal and non metal ores and logging. (2) Raw materials industry refers to the industry that provides various sectors of the national economy with raw materials, fuels and power. It includes smelting and processing of metals, coking and coke chemistry, chemical materials and building materials such as cement, plywood, and power, petroleum refining and coal dressing. (3) Manufacturing industry refers to the industry that processes raw materials. It includes machine manufacturing industry which equips sectors of the national economy, industries of metal structure and cement products, industries producing means of agricultural production, such as chemical fertilizers and pesticides.
According to the above principle of classification, the repairing trades that are engaged primarily in repairing products of heavy industry are classified into heavy industry while these engaged in repairing products of light industry are classified into light industry.
Gross Industrial Output Value is the total volume of industrial products sold or available for sale in value terms that reflects the total achievements and overall scale of industrial production during a given period. It includes the value of the finished products, which are not to be further processed in the enterprises and have been inspected, packed and put in storage, the value of industrial services rendered to other units, and the changes in the value of the semi- finished products and products in process between the beginning and closing of the period. The gross industrial output value is calculated with ¡°factory method¡±. No double calculations are to be made within the same enterprise. However, double counting does occur among different enterprises.
Output value of light and heavy industries is also classified with the ¡°factory¡± method. Under normal conditions, if the major products of an industrial enterprise belong to light industry products, the gross output value of that enterprise is classified wholly into light industry; the same principle applies to heavy industry.
Original Value of Fixed Assets refers to the original value of all fixed assets owned by industrial enterprises, calculated at the cost paid at the time of purchase, installation, reconstruction, expansion, and technical innovation and transformation of the said assets, which includes expenses on purchase, package, transportation, and installation, etc. Net value of fixed assets is obtained by deducting depreciation over years from the original value of fixed assets.
Net Value of Fixed Assets is obtained by deducting depreciation over years from the original value of fixed assets.
Business Income of Main Products refers to the revenue form the sales of finished and semi-finished products and from rendering of industrial services by industrial services by industrial enterprises during the reference period.