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In 2008, the ratio of industrial added value to GDP was as high as 42.9%, an increase of 25.3 percentage points from 17.6% in 1952. Manufacturing products are the main body of export commodities, and the country has exchanged a large amount of foreign exchange. Nearly half of China’s fiscal revenue comes from industry. In 2008, the number of industrial enterprises with annual main business income of more than 5 million yuan was 81 million. It solved a large number of urban population and employment problems of surplus rural labor and greatly eased the pressure on employment.
China's industrial added value increased from 11.98 billion yuan in 1952 to 129.112 billion yuan in 2008, 446 times more than the price factor, with an average annual growth of 11.5%; total profits of industrial enterprises increased from 2.83 billion yuan in 1952 to 2007. The 2.7155 trillion yuan, an increase of 959 times. According to calculations, the industrial added value created in one day in 2008 was more than twice the industrial added value in the whole year of 1952; the total profit realized in one day in 2007 was 1.6 times more than the total profit realized in the whole year of 1952.
January 08, 2023