Development

In 2004, state-owned industrial enterprises and non-state enterprises with annual turnover exceeding five million yuan achieved industrial added value of 5,480.5 billion yuan and realized profits of 1,134.2 billion yuan, representing 16.7 percent and 36 percent year-on-year rises respectively, and revealing a gratifying simultaneous improvement in speed, quality and benefit. Since 1996, China has led the world in the production of steel, coal, cement, farm-use chemical fertilizer and television sets.

Increase in outputs of major industrial products 

Product Unit 1978 1990 2000 2003 2004
Raw coal  100 million tons  6.18  10.80  9.98  16.67  19.56
Crude oil   10,000 tons 10,405  13,831  16,300  16,960  17,500
Power   100 million kwh 2,566  6,212  13,556  19,106  21,870
Steel 10,000 tons  3,178    6,635  12,850  22,234  27,280
Cement  10,000 tons  6,524  20,971  59,700  86,208  97,000
Automobiles  10,000  14.91  51.40  207.00  444.39  507.4
Large and medium-sized tractors  10,000  11.35  3.94  4.10  4.88  9.83
Color TV sets  10,000  0.38   1,033.04  3,936.00  6,541.40  7,328.80
Chemical fibers  10,000 tons  28.46  165.42  694.00  1,181.15  1,424.50
Yarn      10,000 tons  238.2 462.6  657.0 983.6 1,120.0
Cloth       100 million m 110.3 188.8 277.0 353.5 420.0
Sugar     10,000 tons  227 582 700  1,084  1,018
Sulfuric acid    10,000 tons  661 1,197  2,427  3,371  3,994
Farm-use chem-ical fertilizers       10,000 tons  869.3 1,879.7 3,186.0   3881.3 4,469.5
Ethylene     10,000 tons  38.0  157.2 470.0 611.8  626.6
Integrated circuits 100 million  pieces  0.3    1.1  58.8  148.3 211.5 
Program-controlled  Switchboards       10,000 lines  -- -- 7,136.0 7,379.9 8,464.8
Telephones  10,000     -- --  5,247.9 18,231.4  23,344.6
Micro-electronic computers     10,000 -- 8.2  672.0 3,216.7  4,512.4
Source: China.org.cn