Friday, August 24, 2012

Gold price jumped $54.80 an ounce today

 Albanian, Illyrian Gold coin, Skenderbeu

Sahit Muja Tropoje, Albania: Gold price jumped $54.80 an ounce today. The price of gold has a huge gain Friday, gold is up $54.80, at $1,669.00 an ounce as U.S and China raised expectations that government's will take more action to help the economy.

The US Federal Reserve Chairman Ben S. Bernanke said the central bank has the ability to take additional steps to boost the economy.

“There is scope for further action by the Federal Reserve to ease financial conditions and strengthen the recovery,” Bernanke said.

Also gold gained on Friday on news that the European Central Bank is considering a new bond- buying program that could help contain borrowing costs for Spain and other debt-laden euro-zone countries.
The unrest in South African has started to affect global gold prices. South Africa is world's fifth-largest gold producer.

South Africa is famous for its gold abundance and accounting for a significant proportion of world production and reserves With the global economy and financial markets so volatile, many global investors are turning to gold as a tangible investment. Gold holds its value and provides easier liquidity than most other investments.
Gold is the answer for inflation, hyper Inflation and how to beat it. Gold is probably the safest investment that can be made in these global economic uncertain times.

There are not many other things you can invest in that shows the same level of strength as gold does.
Gold is a great way to protect your savings from inflation and make a nice profit at the same time.

Gold has traditionally always been a strong investment. The reason is that people are afraid to invest their money in currencies when the economy takes a dip.
Gold has always had value in societies for thousands of years.

Gold has a staying power that just will not quit. People continue to invest in gold, no matter how the economy is doing, which makes it a strong investment.
Currently, many people are choosing not to invest in currencies, which means they continue to purchase more and more gold. As more and more people continue to put their money into gold, this allows the overall price of gold to continue to rise.

Gold has a history of rising in value during the roughest economies. Currently, the global economy is incredibly rough and the price of gold has been shown to rise.
For the person who wants a high quality investment that will always stand the test of time, gold is the perfect answer.
Even when the economy is doing well, this gold investment just never quits and always has a high value.

Gold is one of those few high-quality investments that is a smart option for any investor. As my grandfather always said in Tropoje, Albania. "You need a gold as a safe haven"
Albanian Minerals is investing in gold mining industry.

Sahit Muja
President and CEO
Albanian Minerals
New York 

Thursday, August 23, 2012

China imported a record volumes of oil, natural gas and minerals in July

 Sahit Muja

Sahit Muja, Tropoje, Albania: China imported a record volumes of oil, natural gas and minerals in July.

China bought record volumes of oil, natural gas, coal, copper, aluminum, gold, ferrochrome, chrome ore, platinum, nickel and iron ore in July, 2012.

China has become the engine of the world's economy. China take advantage of the lower commodity and mineral prices and bought record volumes.

China has been the fastest growing economy in the world over almost three decades, expanding at 10 percent average each year.
The world’s fastest-growing major economy is hungry for land, food, minerals, energy, and all other natural resources.

Hundreds of billions of dollars are invested presently by China in natural resources in Africa, Australia, Brazil, Russia, Iraq, Iran, Albania, Afghanistan, Qatar, Europe, Canada, East Asia, and U.S.

China's chrome ore imports surged in July to their highest ever,  imports of chrome ore and concentrate totaled 905204 tonnes
China imported 57.87 million mt of iron ore in July, up 6% year on year, latest General Administration of Customs of China data.

China's nickel ore imports rose 3.5% month-on-month in July and refined copper imports in July rose 1.7% on month and 30.9% on year to 254,339 metric tons.
China imported 24.27 million mt of coal in July, up 14.2% year on year and platinum imports are up 100%  in July compared to July 2011.

China's total natural gas imports in July rose 28.2% year on year, China imported 68 tons of gold from Hong Kong in July, up 172% on the year.
China imported 24.27 million mt of coal in July, up 14.2% year on year, China's crude oil imports in July rose 12.4% year on year.

A plunge in  prices in metals, oil, natural gas, mean a huge advantage for China's economy.
China is world's largest consumer and importer  of oil, coal, copper, aluminum, gold, ferrochrome, chrome ore, platinum, nickel and iron ore.

Albanian Minerals have gained an exceptional growth in trading minerals in China in 2012. China’s economy still has good conditions for development and huge potential.

China’s current financial and monetary reserves are sufficient to safeguard economic growth, also labor market competitiveness will continue to be China’s advantage in global markets.
Sahit Muja
President & CEO
Albanian Minerals
New York

Wednesday, August 22, 2012

Steel output in China hit a record, production up 400% in 10 years

 Sahit Muja


Sahit Muja: Steel output in China hit a record, production  up 400% in 10 years.
Over the past 10 years, China's steel production has increased at a rapid pace as the economy has industrialized and urbanized.

The  400% expansion of steel production over the past 10 years has been a significant driver of China’s demand for raw materials, especially iron ore, coking coal, nickel, ferrochrome, chrome ore and other minerals. China's  crude steel production was 182 million tons in 2002 and is expected 715 million tons in 2012.

China has become a powerhouse in the global crude steel production and stainless steel industry.  .
World crude steel production reached 1,527 million tons in 2011. China's crude steel output increased 8.9 percent year-on-year to 683.27 million tonnes in 2011
Global steel prices and demands are weakening, but Chinese steel mills are increasing production, adding huge concerns from steel mills in EU, US and India.

Albanian Minerals  is expecting that China will produce near 50 percent of world's crude steel in 2012. Now China is totally dominating the global steel market.
The latest industry data tracking  steel output over a 20-day period showed Chinese steel production increased 2% in August.

World's crude steel production in the first six months of 2012 was 766.9 Mt, up 0.9% compared to the same period of 2011.
North America and Asia showed an increase of 7.2% and 1.6% respectively USA 8.4% and China 1.8% while the EU (27) and South America recorded negative growth of -4.6% and -3.5% each.

China’s crude steel production for June 2012 was 60.2 Mt, for July 2012 was 61.7 Mt.Japan produced 9.2 Mt of crude steel in June 2012, up by 3.5% compared to the same month last year. South Korea’s crude steel production for June 2012 was 5.9 Mt, an increase of 4.3% compared to June 2011.

In the EU, Germany produced 3.7 Mt of crude steel in June 2012, a decrease of -4.0% on June 2011. Italy’s crude steel production for June 2012 was 2.4 Mt, down by -7.9% on June 2011. In June 2012, France produced 1.3 Mt of crude steel, down by -2.1% compared to June 2011. Spain’s crude steel production for June 2012 was 1.3 Mt, -8.8% lower than June 2011.

Turkey’s crude steel production for June 2012 was 2.9 Mt, an increase of 4.0% compared to June 2011.The US produced 7.3 Mt of crude steel in June 2012, up by 0.8% on June 2011.
Brazil’s crude steel production for June 2012 was 2.7 Mt, -8.5% lower than June 2011.

In today’s market, steel manufacturers are constantly pressed to remain competitive. Look around your home and you’ll see the many trusted brand name appliances and electronics bearing the “Made in China” label. China is absolutely leading the world in steel production and on the global economic stage.

Sahit Muja
President and CEO
Albanian Minerals
New York

Wednesday, August 8, 2012

China surpass South Africa and India as top producer for another strategic metal

 Sahit Muja

Sahit Muja: China surpass South Africa and India as top producer for another strategic metal.

China produces nearly 95 percent of the world's rare earth materials and is the world's largest steel and stainless steel producer. Steel is the backbone of global economy.

China has become the world's largest ferrochrome production country. China has no chrome ore reserves and has become the world's largest ferrochrome producer.

Chrome ore is used in smelters to produce ferrochrome for stainless steel.Chrom ore is one of the most important industrial metals and there is no substitute. In the production of stainless steel there is no substitute for ferrochrome. China is the world's largest steel and stainless steel producer, accounting for half the world's output.

South Africa has about 75% of the world’s chrome reserves other producers are India, Kazakhstan, Zimbabwe , Turkey, Albania, Finland, Oman, Iran Pakistan and Brazil.India’s steel ministry, concerned over the depleting reserves of chrome ore has called for a complete ban of its chrome ore exports. India now have depleted chrome ore reserves to 38 million tonnes

A export duty of $100 tone on raw chrome ore was proposed in South Africa earlier this year. During the first half of the year, chrome ore exports to China was about 4.5 million tons, of which 2 million tons from South Africa.

The global ferrochrome supply and demand grew by 2% in the six months in 2012. China’s ferrochrom supply grew by about 18% this year.
Albanian Minerals expect that ferrochrome supply and demand to grow by 5% each by the end of 2012.

Stainless steel is very important and there is no substitute for it. Stainless steel does not corrode, rust, or stain with water as ordinary steel does.
Stainless steels of various kinds are used in thousands of applications in manufacturing, construction, cutlery, sinks, saucepans, washing machine drums, microwave oven liners, razor blades, cladding, handrails, door and window fittings, street furniture, structural sections, reinforcement bar, lighting columns, lintels, masonry supports
exhaust systems, car trim/grilles, road tankers, ship containers, ships chemical tankers, refuse vehicles, pressure vessels, process piping, platform accommodation, cable trays, pipelines, surgical instruments, surgical implants, MRI scanners.

Catering equipment, brewing, distilling, food processing, water and sewage treatment, water tubing, and hot water tanks.
The price of chrome ore and ferrochrome, an essential ingredient in stainless steel, is set to jump.

Sahit Muja
President and CEO
Albanian Minerals
New York

Saturday, July 21, 2012

China's demand for iron ore at record 1.8 billion tons in 2012


 Sahit Muja
 Sahit Muja: China

Sahit Muja: China's demand for iron ore at record 1.8 billion tons in 2012.

Albanian Minerals expect that China's domestic iron ore mining to rise to 1.35 billion tonnes in 2012 and the global iron ore production to increase 3 billion tonnes up from 2.7 billion tons in 2011.
Albanian Minerals expect that iron ore demands in China to increase  to 1.8 billion tons in 2012 and 2 billion tons in 2013. China consumes over 60% of the world's entire iron ore supplies.

This year Chinese iron ore import is expected at 600 million tons a 10 % decrease from 2011.
China's Ministry of Land and Resources has announced proven iron ore reserves amounted to 50 billion tons in 2010, this will be enough for only 25 years at the consumption rate.

Albanian Minerals has estimated that global iron ore resources are estimated to exceed 850 billion ton. China, which consumes over 60% of the world's entire iron ore supplies need to buy 550 billion tons of iron ore, if it continue to dominate the world's steel market.

India's demand for iron ore is expected to increase as country has limited reserves. India's iron ore reserves total about 8 billion tons, this reserve may supply China for only 5 years.
In ten years India will need to buy huge amounts of iron ore. It is embarrassing how India sale cheap iron ore and Chrome ore to China, while current reserves are being depleted rapidly.

Albanian Minerals has a very good news for iron ore mining companies and countries with huge reserves, iron ore market has bright future regardless of the law price at this time.
The world population has reached 7 billion this population will drive up the demand for iron ore, chrome ore, copper, nickel, aluminum, steel to build, new roads, railways, airports, hospitals, schools, banks, infrastructure, water projects, energy projects, courts and legal system, new factories, houses, buildings, oil and natural gas refineries, power plants, wind energy turbines, solar power, cars, trucks, airplanes, ships, machinery and much, much, more.

World largest iron ore importing country keeps dominating global steel market, China to produce 750 million tons of steel in 2012.
Albanian Minerals predict that Chinese iron ore import to increase 20% in 2013 due to poorer domestic ore grade in Chinese. Iron ore output is increasing in China but never to meet the demands.

The price of iron ore  would go high in 2013 despite of supply increase from Australia, India, Africa and Brazil. The iron ore production cost in China is apparently higher than US $100 per tonne. Chinese iron ore import increased by around 68 million tonnes to 686 million tonnes in 2011 from 2010.

China's domestic iron ore output was higher than 110 million tonnes per month in 2012. China's rapid urbanization and industrialization has resulted in strong demand for iron and steel products. China is also one of the largest steel products exporting countries, domestic demand for iron ore is substantial.

Sahit Muja
 President and CEO
Albanian Minerals
New York

Sahit Muja: China's Economic Growth in 2011



 Sahit Muja: China
 Sahit Muja
   Sahit Muja
Sahit Muja: China 
Sahit Muja: China's Economic Growth in 2011
In 2011, faced with the complicated and volatile domestic and international economic environment, under the firm leadership of the CPC Central Committee and the State Council, the people of all nationalities of China, taking Deng Xiaoping Theory and the important thought of “Three Represents” as the guidance, the scientific development as the theme and the transformation of economic development mode as the mainline, carried out the package of plans and policies aiming at strengthening and improving the macro control. As a result, national economic performance maintained steady and rapid development, all social undertakings achieved new progress, and a good start was achieved for the Twelfth Five-Year Period.

I. General Outlook

In 2011, the gross domestic product (GDP)[2] of the year was 47,156.4 billion yuan, up by 9.2 percent over the previous year. Of this total, the value added of the primary industry was 4,771.2 billion yuan, up by 4.5 percent, that of the secondary industry was 22,059.2 billion yuan, up by 10.6 percent and the tertiary industry was 20,326.0 billion yuan, up by 8.9 percent. The value added of the primary industry accounted for 10.1 percent of the GDP, that of the secondary industry accounted for 46.8 percent, and that of the tertiary industry accounted for 43.1 percent.


The consumer price in 2011 went up by 5.4 percent over the previous year. Of this total, the prices for food went up by 11.8 percent. The prices for investment in fixed assets increased by 6.6 percent. The producer prices and the purchasing prices for manufactured goods were up by 6.0 percent and 9.1 percent respectively. The producer prices for farm products[3] were up by 16.5 percent.


Table 1: General Level of Consumer Prices in 2011

Unit: %

Item
National
Average


Urban
Rural




General level of consumer prices
5.4
5.3
5.8
  Food
11.8
11.6
12.4
  Tobacco, liquor and articles
2.8
3.0
2.4
  Clothing
2.1
2.2
1.9
  Household appliances and maintaining services        
2.4
2.7
1.5
  Medical, health and personal articles
3.4
3.4
3.3
  Transportation and telecommunications
0.5
0.2
1.3
  Recreation, education, culture articles and services
0.4
0.3
0.8
  Housing
5.3
5.1
5.7





 
The number of cities among 70 large and medium-sized cities showing the decline of monthly sales prices (month-on-month) for new commercial residential buildings was gradually increasing. In December, fifty-two cities witnessed the decline of the sales prices, which were 49 more than that in January. 

At the end of year 2011, the number of employed people in China was 764.20 million, and that in urban areas was 359.14 million. The newly increased employed people in urban areas numbered 12.21 million. The urban unemployment rate through unemployment registration was 4.1 percent at the year end, maintaining the same level as 2010. The total migrant workers[4] in 2011 were 252.78 million, up by 4.4 percent over that of 2010. Of which, the migrant workers leaving hometown and worked in other provinces were 158.63 million, increased by 3.4 percent, the migrant workers worked in local provinces reached 94.15 million, up by 5.9 percent.  


At the end of 2011, China’s foreign exchange reserves reached 3,181.1 billion US dollars, an increase of 333.8 billion US dollars as compared with that at the end of the pervious year. At the end of the year, the exchange rate was 6.3009 RMB to 1 USD, an appreciation by 5.1 percent over that at the end of 2010.

In 2011the total public revenue[5] reached 10,374.0 billion yuan, up by 24.8 percent or an increase of 2,063.9 billion yuan over that in the previous year. Of this total, the taxes collected in the whole year reached 8,972.0 billion yuan, up by 22.6 percent or an increase of 1,651.0 billion yuan over 2010. 

II. Agriculture

In 2011, the sown area of grain was 110.57 million hectares, an increase of 700 thousand hectares compared with that in the previous year; the sown area of cotton was 5.04 million hectares, a rise of 190 thousand hectares; the sown area of oil-bearing crops was 13.79 million hectares, a decrease of 100 thousand hectares; the sown area of sugar crops was 1.95 million hectares, an increase of 40 thousand hectares.
The total output of grain in 2011 was 571.21 million tons, an increase of 24.73 million tons or up by 4.5 percent over the previous year. Of this total, the output of summer crops was 126.27 million tons, increased by 2.5 percent, and that of the early rice was 32.76 million tons, increased by 4.5 percent over the previous year. The output of autumn grain was 412.18 million tons, an increase of 5.1 percent.


In 2011, the output of cotton was 6.60 million tons, an increase of 10.7 percent over the previous year, that of oil-bearing crops was 32.79 million tons, up by 1.5 percent and that of sugar crops was 125.20 million tons, an increase of 4.3 percent, that of tobacco was 2.87 million tons, up by 5.1 percent, and that of tea was 1.62 million tons, up by 9.9 percent.

The total output of meat for the year reached 79.57 million tons, up by 0.4 percent over the previous year. Of this total, the output of pork was 50.53 million tons, down by 0.4 percent, and that of beef and mutton was 6.48 and 3.93 million tons, decreased by 0.9 percent and 1.4 percent respectively. At the end of the year, 467.67 million pigs were registered in the total stocks, up by 0.7 percent, and 661.70 million pigs were slaughtered, down by 0.8 percent. The total output of eggs was 28.11 million tons, up by 1.8 percent. The production of milk was 36.56 million tons, up by 2.2 percent.

The total output of aquatic products was 56.00 million tons, up by 4.2 percent. Of this total, the output of cultured aquatic products was 40.26 million tons, up by 5.2 percent; and that of fished aquatic products was 15.74 million tons, up by 1.9 percent over the previous year.

The total production of timber for the year 2011 reached 72.72 million cubic meters, a drop of 10.1 percent.

Over 1.81 million hectares of farmland was increased with effective irrigation systems and another additional 2.21 million hectares of farmland was guaranteed by water-saving irrigation systems.

III. Industry and Construction

In 2011, the total value added of the industrial sector was 18,857.2 billion yuan, up by 10.7 percent over the previous year. The value added of industrial enterprises above the designated size[7] increased by 13.9 percent. Of the industrial enterprises above the designated size, the value added of the state-owned and state-holding enterprises grew by 9.9 percent, that of the collective enterprises went up by 9.3 percent, that of the share-holding enterprises increased by 15.8 percent, that of the enterprises by foreign investors and investors from Hong Kong, Macao and Taiwan soared by 10.4 percent and 19.5 percent growth for private enterprises. The growth of the light industry was 13.0 percent and that of the heavy industry was 14.3 percent.




In 2011, of the industrial enterprises above designated size, the growth of value added for processing of food from agricultural products was 14.1 percent over the previous year; for textile industry was 8.3 percent; for manufacture of general machinery 17.4 percent; for manufacture of special purpose machinery 19.8 percent; for manufacture of transport equipment 12.0 percent; formanufacture of communication equipment, computers and other electronic equipment 15.9 percent and for manufacture of electrical machinery and equipment 14.5 percent. The growth of the value added for the major six high energy consuming industries[8] was 12.3 percent, of which, that of the manufacture of non-metallic mineral products was 18.4 percent, manufacture of raw chemical materials and chemical products 14.7 percent, smelting and pressing of non-ferrous metals 13.6 percent, smelting and pressing of ferrous metals 9.7 percent, production and supply of electric power and heat power 10.1 percent and 7.6 percent for processing of petroleum, coking, processing of nuclear fuel. The value added growth for the high-tech industry was 16.5 percent over the previous year.

Table 2: Output of Major Industrial Products and the Growth Rates in 2011
Product
Unit
Output
Increase over
2010 (%)




Yarn
10000 tons
2900.0
6.7
Cloth
100 million meters
837.0
4.6
Chemical fibers
10000 tons
3390.0
9.7
Sugar (final product)
10000 tons
1187.4
6.2
Cigarettes
100 million
24474.0
3.0
Color TV sets
10000
12231.4
3.4
 Of which: LCD TV sets
10000
10298.5
15.2
Household refrigerators
10000
8699.2
19.2
Room air conditioners
10000
13912.5
27.8
Total primary energy production
100 million tons of
standard coal equivalent
31.8
7.0
Coal
100 million tons
35.2
8.7
Crude oil
100 million tons
2.04
0.3
Natural gas
100 million cubic meters
1030.6
8.7
Electricity
100 million kilowatt-hours
47000.7
11.7
 Of which: Thermal-power
100 million kilowatt-hours
38253.2
14.8
     Hydro-power
100 million kilowatt-hours
6940.4
-3.9
     Nuclear-power
100 million kilowatt-hours
863.5
16.9
Crude steel
10000 tons
68388.3
7.3
Rolled steel[9]
10000 tons
88258.2
9.9
Ten kinds of nonferrous metals
10000 tons
3434.0
10.0
 Of which: Refined copper (copper)
10000 tons
517.9
12.9
     Aluminum electrolyze
10000 tons
1767.7
12.1
Aluminum oxide
10000 tons
3417.2
18.1
Cement
100 million tons
20.9
10.8
Sulfuric acid
10000 tons
7466.4
5.3
Soda ash
10000 tons
2308.2
13.4
Caustic soda
10000 tons
2466.2
10.7
Ethylene
10000 tons
1527.5
7.5
Chemical fertilizers
(100 percent equivalent)
10000 tons
6217.2
-1.9
Power-generating equipment
10000 kilowatts
14410.4
11.9
Motor vehicles
10000
1841.6
0.8
 Of which: Basic passenger cars (cars)

10000
1012.7
5.8
Large & medium tractors
10000
40.2
19.3
Integrated circuits
100 million pieces
719.6 
10.3
Program-controlled switchboards
10000 lines
3034.0
-3.3
Mobile telephones
10000
113257.6
13.5
Micro-computers
10000
32036.7
 30.3





The profits made by the industrial enterprises above the designated size in 2011 were 5,454.4 billion yuan, an increase of 25.4 percent over the same period of last year. 

Table 3: Profits and Growth Rates of Industrial Enterprises
 above the Designated Size in 2011
Unit: 100 million yuan
Item
Total Profits
Increase over 2010 (%)



Industrial enterprises above designated size
54544
25.4
 Of which:  State-owned and state-holding enterprises
14989
15.0
 Of which:  Collective enterprises
882
34.0
     Share-holding enterprises
31651
31.2
     Enterprises by foreign investors or investors from Hong Kong, Macao and Taiwan
14038
10.6
 Of which: Private enterprises
16620
46.0




In 2011, the value added of construction enterprises in China was 3,202.0 billion yuan, up by 10.0 percent over the previous year. The profits made by construction enterprises qualified for general contracts and specialized contracts reached 424.1 billion yuan, up by 24.4 percent, of which the profits made by the state-owned and state-holding enterprises were 117.2 billion yuan, up by 36.0 percent.


 
IV. Investment in Fixed Assets

The completed investment in fixed assets[10] of the country in 2011 was 31,102.2 billion yuan, up by 23.6 percent over the previous year. The real growth was 15.9 percent after deducting the price factors. Of the total investment, the investment in fixed assets (excluding rural households) was 30,193.3 billon yuan, up by 23.8 percent; and the investment in rural households reached 908.9 billion yuan, up by 15.3 percent. The investment in eastern areas[11] was 13,031.9 billion yuan, up by 20.1 percent over the previous year, in central areas was 7,078.3 billion yuan, a growth of 27.5 percent, in western areas 7,184.9 billion yuan, a growth of 28.7 percent, and in northeastern areas 3,268.7 billion yuan, up by 30.4 percent. 


 

Table 4: Fixed Assets Investment (Excluding Rural Households)
 and Its Growth by Sector in 2011
Unit: 100 million yuan
Sector
Investment
Increase over 2010 (%)



Total
301933
23.8
Agriculture, Forestry, Animal Husbandry and Fishing
6792
25.0
Mining
11810
21.4
 Of Which: Mining and Washing of Coal
4897
25.9
     Extraction of Petroleum and Natural Gas
3057
12.5
Manufacturing
102594
31.8
 Of Which: Processing of Food from Agricultural Products
5229
44.1
     Manufacture of Foods
2386
23.1
     Textile Industry
3669
30.9
     Manufacture of Textiles, Garments, Shoes and Hats
2267
43.0
     Processing of Petroleum, Coking, Processing Nuclear Fuel
2234
10.1
     Manufacture of Raw Chemical Materials and Chemical Products
8899
26.4
     Manufacture of Non-Metallic Mineral Products
10448
31.8
     Smelting and Pressing of Ferrous Metals
3860
14.6
     Smelting and Pressing of Non-Ferrous Metals
3861
36.4
     Manufacture of Metal Products
5045
23.1
     Manufacture of General Machinery
7702
30.6
     Manufacture of Special Purpose Machinery
5893
39.2
     Manufacture of Transport Equipment
8406
27.2
     Manufacture of Electric Machinery and Equipment
7851
44.6
     Manufacture of Communication Equipment, Computers and Other Electronic Equipment
5266
34.2
Production and Supply of Electricity, Gas and Water
14607
3.8
 Of Which: Production and Supply of Electric Power and Heat Power
11557
1.8
Construction
3253
42.9
Transport, Storage and Post
27260
1.8
Information Transmission, Computer Services and
Software
2161
0.4
Wholesale and Retail Trade
7322
40.1
Lodging and Catering Services
3916
34.3
Banking
628
42.0
Real Estate[12]
75685
29.7
Leasing and Business Services
3374
40.3
Scientific Research, Technical Service and Geologic
Prospecting
1650
39.4
Water Conservancy, Environment and Public Facilities
Management
24537
14.2
Services to Households and Other Services
1217
52.9
Education
3882
13.7
Health, Social Security and Social Welfare
2331
28.1
Culture, Sports and Entertainment
3148
21.3
Public Management and Social Organization
5766
18.1




In the investment in fixed assets (excluding rural households), the investment in the primary industry was 679.2 billion yuan, up by 25.0 percent; that in the secondary industry was 13,226.3 billion yuan, up by 27.3 percent; and that in the tertiary industry was 16,287.7 billion yuan, up by 21.1 percent.



Table 5: Newly Increased Production Capacity
through Fixed Assets Investment in 2011
Item
Unit
Volume



Newly increased power generating capacity
10000 kilowatts
9041
Newly increased power transformer
equipment with a capacity of over 220 kilovolts
10000 kilovolt-amperes
20906
New railways put into operation
Kilometer
2167
 Of which, high-speed railways[13]
Kilometer
1421
Double-track railways put into operation
Kilometer
1889
Electrified railways put into operation
Kilometer
3398
New highways
Kilometer
55285
 Of which: Expressways
Kilometer
9124
New cargo-handling capacity of berths for over 10000-tonnage ships
10000 tons
26639
New lines of optical-fiber cables
10000 km
209
New capacity of digital cellular mobile phone switchboards
10000 subscribers
20406





In 2011, the investment in real estate development was 6,174.0 billion yuan, up by 27.9 percent. Of this total, the investment in commercial residential buildings reached 4,430.8 billion yuan, an increase of 30.2 percent, that in office buildings was 254.4 billion yuan, up by 40.7 percent, and that in buildings for commercial business was 737.0 billion yuan, up by 30.5 percent.

In 2011, the newly started construction of affordable housing projects in urban areas amounted to 10.43 million units (households), and the affordable housing projects in urban areas basically completed were 4.32 million units.

Table 6: Main Indicators for Real Estate Development
and Sales and Its Growth in 2011
Item
Unit
Volume
Increase over
2010 (%)




Finished Value of Investment
100 million yuan
1740
27.9
Of which: residential buildings
100 million yuan
44308
30.2
 Of which: 90 square meters and below
100 million yuan
13637
28.0
Floor space of houses under construction
10000 square meters
507959
25.3
Of which: residential buildings
10000 square meters
388439
23.4
Floor space of houses newly started
10000 square meters
190083
16.2
Of which: residential buildings
10000 square meters
146035
12.9
Floor space of houses completed
10000 square meters
89244
13.3
Of which: residential buildings
10000 square meters
71692
13.0
Sales of commercial buildings
10000 square meters
109946
4.9
Of which: residential buildings
10000 square meters
97030
3.9
Sources of capital this year
100 million yuan
83246
14.1
Of which: domestic loans
100 million yuan
12564
0.0
    Individual mortgage
100 million yuan
8360 
-12.2
Land space purchased this year
10000 square meters
40973
2.6
Purchase of land
100 million yuan
8049
-1.9






V. Domestic Trade

In 2011, the total retail sales of consumer goods reached 18,391.9 billion yuan, a growth of 17.1 percent over the previous year, or a real growth of 11.6 percent after deducting price factors. An analysis on different areas[14] showed that the retail sales of consumer goods in urban areas stood at 15,955.2 billion yuan, up by 17.2 percent, and that in rural areas reached 2,436.7 billion yuan, up by 16.7 percent. Grouped by consumption patterns, the income of retail sales of commodities was 16,328.4 billion yuan, up by 17.2 percent, and that of catering industry was 2,063.5 billion yuan, up by 16.9 percent.



Of the total retail sales of commodities by enterprises above designated size, the year-on-year growth of sales for motor vehicles was 14.6 percent, that for grain and oil was 29.1 percent, for meat and eggs 27.6 percent, for clothing 25.1 percent, for daily necessities 24.1 percent, for cultural and office goods 27.6 percent. The sales of telecommunication equipment increased by 27.5 percent. The growth of sales for cosmetics was 18.7 percent, for gold, silver and jewelry 42.1 percent, for traditional Chinese drugs and western drugs 21.5 percent, for electric and electronic appliances for household use and audio-video equipment 21.6 percent, for furniture 32.8 percent and building and decoration materials 30.1 percent.

VI. Foreign Economic Relations

The total value of imports and exports in 2011 reached 3,642.1 billion US dollars, up by 22.5 percent over the previous year. Of this total, the value of goods export was 1,898.6 billion US dollars, increased by 20.3 percent, and the value of goods import was 1,743.5 billion US dollars, up by 24.9 percent. The balance of imports and exports was (exports minus imports) 155.1 billion US dollars, a decrease of 26.4 billion US dollars over the previous year.

Table 7: Total Value of Imports and Exports and the Growth Rates in 2011
Unit: 100 million USD
Item
Value
Increase over 2010 (%)



Total import and export of goods
36421
22.5
 Exports
18986
20.3
  Of which:  General trade
9171
27.3
       Processing trade
8354
12.9
  Of which:  Mechanical and electronic products
10856
16.3
       High & new-tech products
5488
11.5
  Of which:  State-owned
2672
14.1
       Foreign-funded
9953
15.4
       Others
6360
32.2
  Imports
17435
24.9
  Of which:  General trade
10075
31.0
       Processing trade
4698
12.5
  Of which:  Mechanical and electronic products
7533
14.1
       High & new-tech products
4630
12.2
  Of which:  State-owned
4934
27.1
       Foreign-funded
8648
17.1
       Others
3852
42.9
Trade surplus (exports minus imports)
1551






Table 8: Main Export Commodities in Volume and Value
and the Growth Rates in 2011
Item

Unit

Volume
Increase over 2010(%)
Value
(100 million USD)
Increase over 2010 (%)






Coal
10000 tons
1466
-23.0
27
20.6
Rolled steel
10000 tons
4888
14.9
513
39.2
Textile yarns and textile articles
----
947
22.9
Clothes and clothing accessories
----
1532
18.3
Footwear
----
417
17.1
Furniture
----
379
15.0
Automatic data processing machines and components
10000 sets
183427
10.1
1763
7.5
Handheld mobiles and car telephones
10000 sets
87509
15.5
628
34.3
Containers
10000 units
324
29.6
114
57.7
Liquid crystal display panels
10000 units
244141
8.5
295
11.5
Motor vehicles (including a complete set of spare sets)
10000 sets
82
52.2
99
60.5









Table 9: Main Import Commodities in Volume and Value
and the Growth Rates in 2011
Item
Volume
(10000 tons)
Increase over 2010 (%)
Value
(100 million USD)
Increase over 2010 (%)





Cereals and cereal flour
545
-4.6
20
33.8
Soybean 
5264
-3.9
298
18.9
Edible vegetable oil
657
-4.4
77
28.0
Iron ore
68608
10.9
1124
40.9
Aluminum oxide
188
-56.4
8
-48.1
Coal
18240
10.8
209
23.6
Crude oil
25378
6.0
1967
45.3
Petroleum products refined
4060
10.1
327
45.5
Plastics in primary forms
2304
-3.7
472
8.3
Paper pulp
1445
27.1
119
35.3
Rolled steel
1558
-5.2
216
7.3
Copper and copper alloys
407
-5.1
368
12.0








Table 10: Imports and Exports by Major Countries and Regions
and the Growth Rates in 2011
Unit: 100 million USD
Country or region
Exports
Increase over 2010 (%)
Imports
Increase over 2010 (%)





European Union
3560
14.4
2112
25.4
United States
3245
14.5
1222
19.6
Hong Kong, China
2680
22.8
155
26.4
ASEAN
1701
23.1
1928
24.6
Japan
1483
22.5
1946
10.1
Republic of Korea
829
20.6
1627
17.6
India
505
23.5
234
12.1
Russia
389
31.4
403
55.6
Taiwan, China
351
18.3
1249
7.9









The year 2011 witnessed the establishment of 27,712 enterprises with foreign direct investment in non-financial sectors, up by 1.1 percent over the previous year; and the foreign capital actually utilized was 116.0 billion US dollars, up by 9.7 percent.

Table 11: Total Value of Foreign Direct Investment in Non-financial Sectors and the Growth Rates in 2011
Sector
Enterprises
Increase over 2010 (%)
Actually Utilized Value
(100 million USD)
Increase over 2010 (%)





Total
27712
1.1
1160.1
9.7
Of which:  Agriculture, Forestry, Animal Husbandry and Fishing
865
-6.9
20.1
5.1
    Manufacturing
11114
0.6
521.0
5.1
    Production and Supply of Electricity, Gas and Water
214
1.9
21.2
-0.3
    Transport, Storage, Post and Telecommunication Services
413
4.3
31.9
42.2
    Information Transmission, Computer Services and Software
993
-5.1
27.0
8.5
    Wholesales & Retail Trade
7259
7.0
84.2
27.7
    Real Estate
466
-32.4
268.8
12.1
    Leasing and Business Services
3518
2.9
83.8
17.6
    Services to Households and Other Services
212
-2.3
18.8
-8.2







In 2011, the overseas direct investment (non-financial sectors) by Chinese investors was 60.1 billion US dollars, up by 1.8 percent over the previous year.

In 2011, the accomplished business revenue through contracted overseas engineering projects was 103.4 billion US dollars, up by 12.2 percent, and the number of labor forces sent abroad through overseas labor contracts was 452 thousand, an increase of 41 thousand.

VII. Transportation, Post, Telecommunications and Tourism

In 2011, the total freight traffic reached 36.9 billion tons, up by 13.7 percent over the previous year, and the freight flows were 15,901.4 billion ton-kilometers, grew by 12.1 percent.

Table 12: Freight Traffic by All Means of Transportation
and the Growth Rates in 2011
Item
Unit

Volume

Increase over 2010 (%)




Total freight traffic
100 million tons
368. 5
13.7
Railways
100 million tons
39.3
8.0
Highways
100 million tons
281.3
14.9
Waterways
100 million tons
42.3
11.7
Civil aviation
10 000 tons
552.8
-1.8
Pipelines
100 million tons
5.4
9.0
Freight flows
100 million ton-kilometers
159014.1
12.1
Railways
100 million ton-kilometers
29465.8
6.6
Highways
100 million ton-kilometers
51333.2
18.3
Waterways
100 million ton-kilometers
75196.2
9.9
Civil aviation
100 million ton-kilometers
171.7
-4.0
Pipelines
100 million ton-kilometers
2847.2
29.6






Table 13: Passenger Traffic by All Means of Transportation
and the Growth Rates in 2011
Item
Unit
Volume
Increase over 2010 (%)




Total passenger traffic
100 million persons
351.8
7.6
Railways
100 million persons
18.6
11.1
Highways
100 million persons
327.9
7.4
Waterways
100 million persons
2.4
8.6
Civil aviation
100 million persons
2.9
9.2
Passenger flows
100 million person-kilometers
30935.8
10.9
Railways
100 million person-kilometers
9612.3
9.7
Highways
100 million person-kilometers
16732.6
11.4
Waterways
100 million person-kilometers
74.2
2.6
Civil aviation
100 million person-kilometers
4516.7
11.8





The volume of freight handled by ports above the designated size throughout the year totaled 9.07 billion tons, up 11.9 percent over the previous year, of which freight for foreign trade was 2.75 billion tons, up 10.8 percent. Container shipping of ports above the designated size reached 162.31 million standard containers, up by 11.4 percent. 
The total number of motor vehicles for civilian use reached 105.78 million (including 12.28 million tri-wheel motor vehicles and low-speed trucks) by the end of 2011, up 16.4 percent, of which private-owned vehicles numbered 78.72 million, up 20.4 percent. The total number of cars for civilian use stood at 49.62 million, up by 23.2 percent, of which private-owned cars numbered 43.22 million, up by 25.5 percent.  
The turnover of post and telecommunication services[15] totaled 1,337.9 billion yuan, up 16.5 percent over the previous year. Of this total, post services accounted for 160.8 billion yuan, up 25.0 percent, and telecommunication services 1,177.2 billion yuan, up 15.5 percent. By the end of 2011, with a decrease of 30.70 million lines of office switchboards, the total capacity stood at 434.67 million lines. The newly increased capacity of mobile phone switchboard[16] was 204.06 million lines with the total capacity reaching 1,706.91 million lines. The year also saw 285.12 million fixed telephone subscribers. This included 191.10 million urban subscribers and 94.02 million rural subscribers. Mobile phone users numbered 986.25 million by the end of 2011, with 127.25 million new subscribers in the year. Of this total, the number of 3G mobile phone users[17] reached 128.42 million. In total, the number of fixed and mobile phone users reached 1,271.37 million, an increase of 118.02 million as compared with that at the end of 2010. Phone coverage is 94.9 sets per 100 persons. The number of Internet users was 513 million, and the coverage rate of Internet was 38.3 percent. 

The year 2011 saw 2.64 billion domestic tourists, up 13.2 percent over the previous year. The revenue from domestic tourism totaled 1,930.6 billion yuan, up 23.6 percent. The number of inbound visitors to China totaled 135.42 million, a year-on-year increase of 1.2 percent. Of this total, 27.11 million were foreigners, up 3.8 percent; and 108.31 million were Chinese compatriots from Hong Kong, Macao and Taiwan, up 0.6 percent. Of all the inbound tourists, overnight visitors counted 57.58 million, up 3.4 percent. Foreign exchange earnings from international tourism topped 48.5 billion US dollars, up 5.8 percent. The number of China’s outbound visitors totaled 70.25 million, up 22.4 percent. Of this total, 64.12 million were on private visits, a year-on-year rise of 24.5 percent, or 91.3 percent of all outgoing visitors.

VIII. Financial Intermediation

By the end of 2011, money supply of broad sense (M2) was 85.2 trillion yuan, reflecting a year-on-year increase of 13.6 percent. Money supply of narrow sense (M1) was 29.0 trillion yuan, up 7.9 percent. Cash in circulation (M0) was 5.1 trillion yuan, up 13.8 percent. 

Savings deposit in Renminbi and foreign currencies in all items of financial institutions totaled 82.7 trillion yuan at the end of 2011, an increase of 9.9 trillion yuan. Of this total, the savings deposit in Renminbi stood at 80.9 trillion yuan, an increase of 9.6 trillion yuan. Loans in Renminbi and foreign currencies in all items of financial institutions reached 58.2 trillion yuan, an increase of 7.9 trillion yuan. Of this total, that in Renminbi was 54.8 trillion yuan, an increase of 7.5 trillion yuan.


Table 14: Savings Deposit and Loans in RMB and Foreign Currencies in All Financial Institutions and the Growth Rates at the end of 2011
Unit: 100 million yuan
Item
Year-end figure
Increase over 2010 (%)



Savings deposit
826701
13.5
 Of which: By households
351957
15.5
       Of which: Deposits in RMB
348046
15.7
       By non-financial enterprises
313981
9.5
Loans
581893
15.9
 Of which: Domestic short-term loans
217480
21.8
     Domestic medium and long-term loans
333747
11.8





Loans in Renminbi from rural financial cooperation institutions (i.e. rural credit cooperatives, rural cooperation banks, and rural commercial banks) totaled 6,677.8 billion yuan by the end of 2011, an increase of 1,001.2 billion yuan as compared with the beginning of 2011. The loans in Renminbi for consumption use from all financial institutions totaled 8,871.7 billion yuan, an increase of 1,480.3 billion yuan. Of all consumption loans, short-term loans for individuals totaled 1,355.5 billion yuan, an increase of 396.5 billion yuan, and medium- and long-term loans for individuals reached 7,516.2 billion yuan, an increase of 1,083.8 billion yuan.
Funds raised in 2011 by enterprises through issuing stocks and share rights on stock market amounted to 678.0 billion yuan, a decrease of 349.5 billion yuan from the previous year. Of this total, 282 A-shares were issued, receiving 282.5 billion yuan worth of capital altogether, a decrease of 205.8 billion yuan. The refinancing of A-shares (including rationing shares, public newly issued, nonpublic newly issued and warrants) received 224.8 billion yuan worth of capital altogether, a decrease of 182.4 billion yuan from 2010. The listed companies financed 170.7 billion yuan through convertible bonds, bonds with attached warrants and corporate bonds, an increase of 38.7 billion yuan. A total of 128 growth enterprise board stocks were issued, receiving 79.1 billion yuan.
In 2011, corporate funds raised by the non-listed companies reached 348.5 billion yuan, a decrease of 14.2 billion yuan over that in the previous year. The short-term financing funds of enterprises were 802.9 billion yuan, an increase of 128.7 billion yuan; and the medium-term notes were 727.0 billion yuan, an increase of 234.6 billion yuan.
The premium[18] received by the insurance companies totaled 1,433.9 billion yuan in 2011, up[19] 10.5 percent over the previous year. Of this total, life insurance premium amounted to 869.6 billion yuan, health and casualty insurance premium 102.5 billion yuan, and property insurance premium 461.8 billion yuan. Insurance companies paid an indemnity worth of 392.9 billion yuan, of which, life insurance indemnity was 130.1 billion yuan, health and casualty insurance indemnity 44.1 billion yuan, and property insurance indemnity 218.7 billion yuan.
IX. Education, Science & Technology and Culture

In 2011, the post-graduate education enrollment was 1.646 million students with 560 thousand new students and 430 thousand graduates. The general tertiary education enrollment was 23.085 million students with 6.815 million new students and 6.082 million graduates. Vocational secondary schools of various types had 21.966 million enrolled students, including 8.089 million new entrants, and 6.627 million graduates. Senior secondary schools had 24.548 million enrolled students, including 8.508 million new entrants, and 7.877 million graduates. Students enrolled in junior secondary schools totaled 50.668 million, including 16.347 million new entrants, and 17.367 million graduates. The country had a primary education enrollment of 99.264 million students, including 17.368 million new entrants, and 16.628 million graduates. There were 399 thousand students enrolled in special education schools, with 64 thousand new entrants and 44 thousand graduates. Kindergartens accommodated 34.244 million children.


The amount of expenditures on research and development activities (R&D) was worth 861.0 billion yuan in 2011, up 21.9 percent over 2010, accounting for 1.83 percent of GDP. Of this total, 39.6 billion yuan was appropriated for fundamental research programs. A total number of 952 projects under the National Key Technology Research and Development Program and 524 projects under the Hi-tech Research and Development Program (the 863 Program) were implemented. The year 2011 saw a total of 130 national engineering research centers, 119 national engineering laboratories, 101 national and local joint engineering research centers and 116 national and local joint engineering laboratories. The number of state validated enterprise technical centers reached 793 by the end of the year. The technical centers at the provincial level numbered 6,824. Venture capital investment plan had been implemented to boost new emerging industries, with accumulatively 61 venture investment enterprises being supported to be established and 108 venture businesses being invested. Some 1,633 thousand patent applications were accepted from home and abroad, of which 1,479 thousand were domestic applications, accounting for 90.5 percent of the total. A total number of 526 thousand patent applications for new inventions were accepted, of which 404 thousand were from domestic applicants or 76.7 percent of the total. A total of 961 thousand patents were authorized in 2011, of which 864 thousand were domestic patents, accounting for 89.9 percent of the total. A total of 172 thousand patents for new inventions were authorized, of which 106 thousand were domestic ones, accounting for 61.5 percent. Till the end of year 2011, the number of patents in force was 2.740 million, of which 2.202 million patents were domestic ones, accounting for 80.4 percent; the number of patents in force for inventions was 697 thousand, of which 318 thousand were domestic ones, accounting for 45.7 percent. A total of 256 thousand technology transfer contracts were signed, representing 476.36 billion yuan in value, up 21.9 percent over the previous year. The year 2011 saw 19 times of successful launch of satellites. Tiangong-1 Target Spacecraft and Shenzhou VIII Spacecraft were launched successfully and completed space rendezvous and docking mission in 2011. The manned submersible Jiaolong successfully completed the 5,000 meters sea trial test.

By the end of 2011, there were altogether 25,669 laboratories for product inspection, including 476 national inspection centers. There were 174 organizations for product certification and management system certification, which accumulatively certified products in 83,549 enterprises. A total of 3,740 authorized measurement institutions enforced compulsory inspection on 61.79 million measurement instruments in the year. A total of 1,993 national standards were developed or revised in the year, including 1,559 new standards. There were 4,034 weather warning signals sent by national and provincial meteorological stations, and 4,337 weather alerts. There were 1,480 seismological monitor stations and 32 seismological monitor network stations. The numbers of oceanic observation stations were 74. Mapping and geographic information departments published 2,103 maps.
At the end of 2011, there were 2,481 art-performing groups, 2,571 museums, 2,925 public libraries, 3,276 culture centers, 197 radio broadcasting stations, 213 television stations, 2,153 radio broadcasting and television stations and 44 educational television stations in the cultural system throughout China. Subscribers to cable television programs numbered 201.52 million. Subscribers to digital cable television programs were 114.55 million. Radio broadcasting and television broadcasting coverage rates were 97.1 percent and 97.8 percent respectively. Totally 14,939 episodes of 469 TV series and 261,444 minutes of animated TV series were made in 2011. The country produced 558 feature movies and 131 science, educational, documentary, cartoon and special movies[20]. A total of 46.7 billion copies of newspapers and 3.3 billion copies of magazines were issued, and 7.7 billion copies of books were published. By the end of the year, there were 4,107 archives in China and 103.76 million documents were made accessible to the public.
In 2011, Chinese athletes won 138 world championships on 24 sports events. Four athletes and 1 team broke 8 world records on 8 occasions.

X. Public Health and Social Services

By the end of 2011, there were 953,432 medical and health institutions in China, including 21,638 general hospitals, 37,374 township health centers, 32,812 community health service centers, 177,754 clinics, 659,596 village clinics, 3,499 epidemic disease prevention centers and 3,005 health monitoring institutions. There were 6.20 million health workers in China, including 2.51 million practicing doctors and assistant practicing doctors and 2.24 million registered nurses. The medical and health institutions in China possessed 5.15 million beds, of which, general hospitals possessed 3.68 million and township health centers had 1.03 million. In 2011, 3.238 million people were infected by A or B class infectious diseases, with 15,264 reported deaths. The incidence of infectious disease was 241.44 per 100 thousand, with the death rate standing at 1.14 per 100 thousand.

By the end of 2011, there were all together 45 thousand social welfare institutions[21] of various types providing 3.672 million beds, accommodating 2,796 thousand inmates. Of this total, 32 thousand were rural elder-caring organizations providing 2.326 million beds, accommodating 1,828 thousand inmates. There were 148 thousand community service facilities, of which there were 14 thousand community service centers and 49 thousand community service stations. By the end of 2011, a total of 22.768 million urban residents received the government minimum living allowances, 337 thousand less than the previous year. About 53.135 million rural residents received the government minimum living allowance, an increase of 995 thousand and 5.520 million rural residents received government five-guarantees relief[22], a drop of 43 thousand. Medial aid was provided to 7,114 thousand needy people in cities and 15,581 thousand needy people in rural areas. Another 12.765 million needy people in urban areas were financed to participate in urban medical insurance system, and 45.443 million needy people in rural areas were financed to participate in new type of rural cooperative medical care system.
 

XI. Population, Living Conditions and Social Security

By the end of 2011, the total number of Chinese population at the mainland reached 1,347.35 million, an increase of 6.44 million over that at the end of 2010. Of this total, urban population numbered 690.79 million, accounting for 51.3 percent, the first time for the proportion to exceed 50 percent. The year 2011 saw 16.04 million births, a crude birth rate of 11.93 per thousand, and 9.60 million deaths, or a crude death rate of 7.14 per thousand. The natural growth rate was 4.79 per thousand. The sex ratio at birth was 117.78. The number of population that are separated from their household registration[23] reached 271 million, of which 230 million were floating population[24].
Table 15: Population and Its Composition by the end of 2011
Unit: 10,000 persons
Item
Population
(Year-end figure)
Proportion (%)



National Total
134735
100.0
 Of which:  Urban
69079
51.3
      Rural
65656
48.7
 Of which:  Male
69068
51.3
      Female
65667
48.7
 Of which:  Aged 0-14
22164
16.5
      Aged 15-59
94072
69.8
      Aged 60 and over
18499
13.7
       Of which: Aged 65 and over
12288
9.1




In 2011, the annual per capita net income of rural households was 6,977 yuan, up by 17.9 percent, or a real increase of 11.4 percent over the previous year when the factors of price increase were deducted. The median of per capita net income[25] of rural households was 6,194 yuan, up by 19.1 percent. The annual per capita disposable income of urban households was 21,810 yuan, up by 14.1 percent, or a real increase of 8.4 percent. The median of per capita disposable income of urban households was 19,118 yuan, up by 13.5 percent. The proportion of expenditure on food to the total expenditure of households was 40.4 percent for rural households and 36.3 percent for urban households.



At the end of 2011, a total of 283.92 million people participated in basic pension program, a year-on-year increase of 26.85 million. Of this total, 215.74 million were staff and workers, and 68.19 million were retirees. A total of 472.91 million people participated in urban basic health insurance program, an increase of 40.28 million, of whom 252.26 million people participated in urban basic health insurance program for staff and workers[26], and 220.66 million people participated in programs for residents. A total of 46.41 million people participated in urban basic health insurance programs were migrant workers coming from the rural areas, an increase of 580 thousand. Some 143.17 million people participated in unemployment insurance programs, an increase of 9.41 million. A total of 176.89 million people participated in work accident insurance, an increase of 15.28 million, of which 68.37 million were migrant workers coming from the rural areas, an increase of 5.37 million. A total of 138.80 million people participated in maternity insurance programs, an increase of 15.44 million. By the end of September 2011, a total of 2,646 counties (cities, districts) conducted the new cooperative medical care system in rural areas, with a participation rate of 97.5 percent. The total expenditure of the new cooperative medical care system in rural areas reached 111.4 billion yuan, benefiting 840 million people. In the pilot areas of new rural social pension insurance, some 326.43 million people participated in insurance program. The number of people receiving unemployment insurance payment stood at 1.97 million. In 2011, the government raised the rural poverty line to annual per capita net income of 2,300 yuan (2010 constant prices). According to the new standard, the population who need support in rural areas numbered 122.38 million at the end of the year.

XII. Resources, Environment and Work Safety

In 2011, the total supply of state-owned land for construction[27] use was 588 thousand hectares, a growth of 37.2 percent over the previous year. Of this total, that for mining storage, 193 thousand hectares, up 26.2 percent, for real estate[28], 167 thousand hectares, up 9.2 percent, and for infrastructure facilities, 228 thousand hectares, up 86.1 percent.


The total stock of water resources in 2011 was 2,402.2 billion cubic meters. The annual average precipitation was 567 millimeters. At the end of 2011, 422 large reservoirs in China stored 195.6 billion cubic meters of water, or 6.9 billion cubic meters less than that at the end of 2010. Total water consumption went up by 1.0 percent to reach 608.0 billion cubic meters, of which water consumption for living purposes rose by 2.5 percent, for industrial use grew by 0.9 percent, for agricultural use increased by 0.8 percent, and for ecological water supplement dropped by 4.0 percent. Water consumption for every 10 thousand yuan worth of GDP produced[29] was 139 cubic meters, a decline of 7.3 percent. Water consumption for every 10 thousand yuan worth of industrial value added was 82 cubic meters, down by 8.9 percent. Per capita water consumption was 452 cubic meters, up by 0.4 percent.


In 2011, a total of 6.14 million hectares of forest were planted, of which 4.14 million were afforested by manpower. Some 3.11 million hectares were afforested through key afforestation projects, accounting for 50.7 percent of the total planted area of the year. By the end of 2011, there were 2,640 natural reserves including 335 national ones. A total of 39 thousand square kilometers of eroded land were put under comprehensive treatment programs, and 28 thousand square kilometers of land were closed for nurture and protection in areas suffering water and soil erosion. By the end of 2011, the total forest areas with set ownership were 173.33 million hectares, of this total, 151.00 million hectares obtained the forest ownership certifications.


The average temperature in 2011 was 9.3
. Typhoon hit China 7 times in 2011.

Preliminary estimation indicated that the total energy consumption in 2011 amounted to 3.48 billion tons of standard coal equivalent, up 7.0 percent over 2010. The consumption of coal grew by 9.7 percent; crude oil, up 2.7 percent; natural gas, up 12.0 percent; and electric power, up 11.7 percent. The national energy consumption per 10,000 yuan worth of GDP went down by 2.01 percent. The consumption of major kinds of raw materials[30] included 840 million tons of rolled steel, up 9.0 percent; 7.86 million tons of copper, up by 5.2 percent; 17.24 million tons of electrolytic aluminum, up by 12.1 percent; 15.28 million tons of ethylene, up by 7.5 percent; and 2.07 billion tons of cement, up 11.2 percent.


Monitoring of water quality on 398 sections of the 7 major water systems in China showed that 56.3 percent of the sections met the national quality standard from Grade I to Grade III for surface water, up by 0.3 percentage point over the previous year; and 15.3 percent were worse than Grade V, down by 2.0 percentage points compared with that in the previous year. Generally, the water quality in the 7 major water systems kept stable.

Monitoring of oceanic water quality at 301 offshore monitoring stations indicated that oceanic water met the national quality standard Grade I and II in 62.8 percent of the stations; water quality at 12.0 percent of the stations met Grade III standard; and water of Grade IV or inferior quality was found at 25.2 percent of the stations.

In the 330 cities covered by air quality monitoring program, 293 cities reached or topped air quality standard Grade II, accounting for 88.8 percent of all cities under the program; 33 cities attained Grade III, accounting for 10.0 percent; and air quality in 4 cities was inferior to Grade III, accounting for 1.2 percent. Of the 316 cities subject to noise monitoring program, 5.1 percent enjoyed fairly good environment, 72.8 percent had good environment, 21.5 percent had light noise pollution, and 0.6 percent experienced medium noise pollution in downtown areas.


At the end of 2011, the daily treatment capacity of city sewage reached 112.55 million cubic meters, up 7.8 percent over that in 2010. City sewage treatment rate was 82.6 percent, up 0.3 percentage point. The floor space with central heating systems amounted to 4.56 billion square meters, up 4.6 percent. Greenery coverage reached 34.7 percent of the urban area, up 0.2 percentage point.


In 2011, natural disasters caused 309.6 billion yuan worth of direct economic loss, down by 42.0 percent compared with that in the previous year. Natural disasters hit 32.47 million hectares of crops, down by 13.2 percent, of which 2.89 million hectares of crops were demolished, down by 40.5 percent. Flood and waterlog, landslide and debris flow caused a direct economic loss of 126.0 billion yuan, a drop of 64.0 percent. Drought caused a direct economic loss of 92.8 billion yuan, up by 22.6 percent. Disasters from low temperature, frost and snow made a total direct economic loss of 29.0 billion yuan, down by 8.9 percent. Oceanic disasters caused a direct economic loss of 6.05 billion yuan, down by 54.4 percent. The occurrence of red tides hit an accumulative area of 1,145 square kilometers, down by 89.5 percent. The country recorded 17 earthquakes with magnitude 5 and over, 15 of which caused disasters, causing a direct economic loss of 6.01 billion yuan. The year 2011 witnessed 5,550 forest fires, down by 28.1 percent.

The death toll due to work accidents amounted to 75,572 people, a year-on-year decrease of 5.0 percent. The death toll from work accidents every 100 million yuan worth of GDP was 0.173 people, a decline of 13.9 percent. Work accidents in industrial, mining and commercial enterprises caused 1.88 deaths out of every 100 thousand employees, down 11.7 percent. The road traffic death toll per 10 thousand vehicles was 2.8 persons, down 12.5 percent. The death toll for producing one million tons of coal in coalmines was 0.564 persons, down 24.7 percent.

Notes:

1.        All figures in this Communiqué are preliminary statistics. Statistics in this Communiqué do not include Hong Kong SAR, Macao SAR and Taiwan Province. Due to the rounding-off reasons, the subentries may not add up to the aggregate totals.
2.        Gross domestic product (GDP) and value added as quoted in this Communiqué are calculated at current prices, whereas their growth rates are at constant prices.
3.        The producer prices for farm products refer to the prices of farm products sold directly by producers.
4.        The number of migrant workers includes those who obtain employment outside their villages and towns for more than six months in the year and those who do non-agricultural work in their villages and towns for more than six months in the year.
5.        Public revenue refers to the revenue with taxes as the main body which was collected by the government as social manager by virtue of state political rights. It is the same as fiscal revenue which was quoted in previous years.
6.        In the figure, the public revenue from 2006 to 2010 was final accounts, and the revenue of 2011 was executive accounts.
7.        From 2011, the cut-off size of industrial enterprises above designated size raised from an annual revenue from primary activities above 5 million yuan to 20 million yuan
8.        Six highly energy-consuming industries are: manufacture of raw chemical materials and chemical products, manufacture of non-metallic mineral products, smelting and pressing of ferrous metals, smelting and pressing of non-ferrous metals, oil processing, coking and nuclear fuel processing, and production and supply of electricity and heat.
9.        Output and consumption of rolled steel include duplicated counting of rolled steel as intermediate inputs used for producing other types of rolled steel.
10.   From 2011, the cut-off size of fixed assets investment projects rose from a total planned investment above 500 thousand yuan to 5 million yuan, thus the completed investment in fixed assets of the country in 2011 is incomparable with that in 2010, but the growth rates over previous years are calculated on a comparable basis. Meantime, the monthly statistical system of fixed assets investment expanded the coverage from urban areas to rural enterprises and institutions, and defined it as the investment in fixed assets (excluding rural households).
11.   The national total of fixed assets investment is larger than the aggregate sum by adding up the subtotals of fixed assets investment in the eastern areas, central areas, western areas and northeast areas due to the fact that some of the trans-regional investments are not covered by regional figures. The eastern areas include 10 provinces and municipalities: Beijing, Tianjin, Hebei, Shanghai, Jiangsu, Zhejiang, Fujian, Shandong, Guangdong and Hainan; central areas cover 6 provinces: Shanxi, Anhui, Jiangxi, Henan, Hubei and Hunan; western areas include 12 provinces, autonomous regions and municipality: Inner Mongolia, Guangxi, Chongqing, Sichuan, Guizhou, Yunnan, Tibet, Shaanxi, Gansu, Qinghai, Ningxia and Xinjiang; northeastern areas include 3 provinces: Liaoning, Jilin and Heilongjiang.
12.   The investment in real estate includes the investment made in real estate development, construction of buildings for own use, property management, intermediary services and other real estate development.
13.   High-speed railways refer to railways with a highest operating speed reaching 200km/h or above.
14.   From 2010, new grouping method is adopted for the statistics on the total retail sales of consumer goods: grouping according to operation location changes from city, county and below county level to urban and rural areas; grouping according to industries is cancelled and new grouping according to retail sales of commodities and earnings of catering is added.
15.   The turnover of post and telecommunication services in 2011 is calculated at constant prices of 2010, while that from 2001 to 2010 are calculated at 2000 constant prices. Therefore, the volume of 2011 cannot be compared with that of 2010, but the growth rate over previous year is calculated on a comparable basis.
16.   The capacity of mobile phone switchboard refers to the number of maximum concurrent users calculated by the mobile phone switchboard according to certain calling model and switchboard processing capacity.
17.   3G refers to the third generation cellular mobile communication system (3rd-generation, abbreviated as 3G), 3G mobile phone users refer to those who have records in the billing system and use 3G network resources at the end of the reporting period.
18.   The original premium income received by the insurance companies refers to the premium income from original insurance contracts confirmed by the insurance companies.
19.   The growth rate of original premium income is calculated according to the Interpretation No.2 to the Accounting Standards for Enterprises which started its full scale operation in 2011.
20.   Special movies refer to those using different display modes in terms of projection techniques, equipment and program as compared with the ordinary cinemas, such as IMAX movies, 3D movies, 4D movies, multidimensional movies and fulldome movies.
21.   Social service institutions with accommodation include adoption agencies as well as aid agencies, community agencies, military sanatoriums, military supply stations and etc.
22.   Five-guarantees relief in rural areas refers to villagers who are aged, disabled or under the age of 16 and have no ability to work, no source of income and no statutory obligors to provide for them, bring them up or support them, or whose statutory obligors have no ability to provide for them, bring them up or support them, shall enjoy life-care and physical care in terms of food, clothing, housing, medical care and funeral expenses.
23.   Population live in places other than their household registration refer to those whose current residences are different from the registered towns or streets which they have left for more than half a year.
24.   Floating population refer to the population who live in places other than their household registration, excluding those with current residence different from the place of their household registration in the same city. Population live in places other than their household registration in the same city refer to those whose current residence are different from the registered towns or streets in the same district or in different districts in the same municipality or prefecture-level city.
25.   The median of per capita income refers to the per capita income of household lied in the middle of all surveyed households which are ranked from low to high based on per capital income level.
26.   The number of people covered in urban basic health insurance programs for staff and workers include staff and workers and retirees insured. The urban basic health insurance programs for residents cover the urban non-employed residents who are not insured by the urban basic health insurance programs for staff and workers.
27.   Total supply of state-owned land for construction use refers to the supply of state-owned land for construction use with the land-used right sold, allocated or leased to units or individuals by the municipal or county governments according to annual land supply plan and in line with relevant laws in the reporting period.
28.   Land used for real estate refers to the sum of land used for commercial service and for residence.
29.   The consumption of water and energy for producing 10 thousand yuan worth of GDP and water consumption for every 10 thousand yuan worth of industrial value added are calculated at 2010 constant prices, while that of 2006 to 2010 are calculated at 2005 constant prices. Therefore, the volume of 2011 could not be compared with that of 2010, but the growth rate over previous year is calculated on a comparable basis.
30.   The consumption of major kinds of raw materials is the apparent consumption, i.e. the output plus net imports (imports-exports); inventory change is not included.

Data Sources:

In this communiqué, data of newly increased employed people, unemployment rate through unemployment registration and social security are from the Ministry of Human Resources and Social Security; data of foreign exchange reserves and exchange rate are from the State Administration of Foreign Exchange; financial data are from the Ministry of Finance; data of output of aquatic products are from the Ministry of Agriculture; data of production of timber, forestry and forest fires are from the State Forestry Administration; data of areas with effective irrigation system and water resources are from the Ministry of Water Resources; data of newly increased power generating capacity and newly increased power transformer equipment with a capacity of over 220 kilovolts are from China Electricity Council; data of new railways put into operation, double-track railways put into operation, electrified railways put into cooperation and railway transportation are from the Ministry of Railways; data of new highways, new cargo-handling capacity of berths for over 10000-tonnage ships, highway transportation, waterway transportation and volume of freight handled by ports are from the Ministry of Transport; data of new lines of optical-fiber cables, new capacity of digital cellular mobile phone switchboards, the number of phone users and internet users etc. are from the Ministry of Industry and Information Technology; data of indemnificatory housing, treatment of city sewage, area with central heating systems and greenery coverage are from the Ministry of Housing and Urban-Rural Development; data of imports and exports of goods are from the General Administration of Customs; data of foreign direct investment, overseas direct investment, overseas contracted projects and overseas labor contracts are from the Ministry of Commerce; data of civil aviation are from the General Administration of Civil Aviation; data of pipelines are from China National Petroleum Corporation and China Petrochemical Corporation; data of motor vehicles for civilian use are from the Ministry of Public Security; data of post services are from the State Post Bureau; data of tourism are from the National Tourism Administration and the Ministry of Public Security; data of money and finance are from the People’s Bank of China; data of listed companies are from the China Securities Regulatory Commission; data of corporate funds, national engineering research centers, enterprise technical centers and venture capital investment for boosting new emerging industries are from the National Development and Reform Commission; data of insurances are from China Insurance Regulatory Commission; data of education are from the Ministry of Education; data of national technology research and development program and technology transfer contracts are from the Ministry of Science and Technology; data of patents are from the State Intellectual Property Office; data of satellite launch are from the State Administration of Science, Technology and Industry for National Defense; data of quality inspection, development and revision of national standards are from the General Administration of Quality Supervision, Inspection and Quarantine; data of weather warning, average temperature and typhoon are from the China Meteorological Administration; data of earthquakes are from the China Seismological Bureau; data of mapping are from the State Bureau of Surveying and Mapping; data of oceanic observation stations, direct economic loss caused by oceanic disasters and occurrence area of red tides are from the State Oceanic Administration; data of art-performing groups, museums, public libraries and culture centers are from the Ministry of Culture; data of radio, television and movies are from the Administration of Radio, Film and Television; data of newspapers, magazines and books are from the General Administration of Press and Publication; data of documents are from the State Archives Administration; data of sports are from the General Administration of Sport; data of health and new cooperative medical care system in rural areas are from the Ministry of Health; data of social services, minimum living allowances, five-guarantees relief, direct economic loss caused by natural disasters, areas of crops hit by natural disasters, direct economic loss and death roll caused by flood and waterlog, landslide and debris flow, direct economic loss caused by drought, direct economic loss and death roll caused by low temperature, frost and snow are from the Ministry of Civil Affairs; data of supply of state-owned land for construction use are from the Ministry of Land and Resources; data of environment monitoring are from the Ministry of Environmental Protection; data of work safety are from the State Administration of Work Safety; all the other data are from the National Bureau of Statistics.
  Sahit Muja
President and CEO
Albanian Minerals
New York