参考答案：China’s economic development has entered a new stage which is characteristically one of high growth and low inflation. The national economy continues to grow rapidly and market prices remain basically stable. Statistics for the last year show that China’s gross domestic product (GDP) reached G,DGG.B billion yuan (US$I00.HG billion), an increase of H.H percent over the previous year, among which primary industry grew by C.E%, secondary industry A0.H%, and tertiary industry H.B%. The margin of price rise continued to fall. Retail prices rose by 0.H percent, representing a drop of E.C percentage points compared to the year before, and consumer prices rose by B.H percent, E.E percentage points less than that of the previous year. Progress has been made in shifting the mode of economic growth. Economic efficiency improved, with the energy consumed for each A0,000 yuan of GDP decreasing by E.B percent compared to the level of the year before.
Agriculture was further strengthened. Despite droughts in a large part of north China, grain output reached DIB.E million tons. The state grain reserves hit a record high. Cotton output was D.C million tons. The total output of meat came to EC.ED million tons and aquatic products to CE.FA million tons. Animal husbandry and aquaculture have become significant points for rural economic growth and a major source of the increase in farmers’ income. The added value of township enterprises reached A,H00 billion yuan (US$BAF.HG billion).
Basic industries and infrastructure continued to develop. National primary energy production reached A.CD billion tons of standard coal. Power-generating capacity increased by AC.GH million kw, and the power supply basically met production needs and household use. Newly built railways open to traffic totaled HIF kin, electrified railways, A,IAF km, and double-track railways, EEA km. A total of CE,000 km of new roads were added, including A,CAC km of expressways. The passenger transport of highways was EAA.H billion passenger-km. The post and telecommunications sector registered the most rapid development in the infrastrul ture field. The total length of long-distance optical cable installed increased by BG,000 sheath km, that of digital micro-wave links by AD,D00 km, and the number of telephone lines by AI.FA million. The mobile telephone network in China, having AC.BC million subscribers, has become one of the largest in the world in terms of its coverage.
The country’s financial revenue (excluding liability revenue) totaled HFD.B billion yuan (US$ A0D.AB billion), up by AF.G percent on the previous year, and financial expenditure (excluding liability expenditure) reached IAI.G billion yuan (US$AA0.H billion), up AE.I percent, with the latter exceeding the former by EE.E billion yuan (US$F.FI billion). The deficit of the state treasure stood at EF billion yuan (US$F.GE billion), which was within the budgeted goal. The state treasury’s liability revenue was BDG.G billion yuan (US$BI.HD billion), fulfilling the budgeted goal by II.F percent. Currency supply increased by AG.C percent. A total of ACG.F billion yuan (US$AF.EH billion), was issued throughout the year, exceeding the controlled plan by AG.F billion yuan (US$B.AB billion). The total savings deposits in all financial institutions increased by A,BID billion yuan (US$AEE.I billion), a rise of AH.F percent over the previous year, and loans rose by A,0G0.C billion yuan (US$ABH.IE billion), up AF.G percent. The interest rate on loans was lowered in due course, helping reduce the burden on enterprises. China’s foreign exchange reserve reached US$ACI.I billion at the end of last year, a record high and an increase of US$CD.I billion over the figure at the beginning of the year.
Fairly rapid growth was registered in foreign trade, and foreign capital utilization improved in quality. Last year, China rose as the world’s A0th largest country in foreign trade. Imports and exports totaled US$CBE.A billion, an increase of AB.A percent over the previous year, with a trade surplus of US$D0.C billion, including A total of US$DE.C billion of foreign investment and US$AB billion of foreign loans, and US$F.G billion gained through issuing stocks overseas. China invested US$A.HC billion abroad, playing a certain role in making up for the shortage of domestic resources and in promoting export.
The people’s living standards continued to improve. Retail sales of consumer goods in the country totaled B,FHD billion yuan (US$CBC.D billion), representing an actual increase of A0.B percent. The per-capita disposable income of city dwellers rose by C.D percent, and the per-capita net income of rural residents by D.F percent. Last year, G million people in cities and towns found their first jobs, and B.DE million laid-off workers were re-employed, and the registered unemployment rate in cities and towns was C.A percent. The natural population growth rate was A0.0F per thousand.