Tuesday, December 18, 2007

Learn Chinese - 10th Five-Year Plan

BIZCHINA / Construction

10th Five-Year Plan

Updated: 2006-04-18 11:29

The Tenth Five-Year Plan of the Construction Industry

The Tenth Five-Year Plan (2001-2005) stipulates that the construction
industry must be promoted, design standard improved and the level of
design, construction and management raised. The construction market
should be reformed, rectified and standardized to guarantee quality
construction projects and implement new construction materials.

During the Tenth Five-Year Plan, China's construction industry has so far
enjoyed a good opportunity for development. The construction sector's
main tasks are as follows: a more standardized construction market should
be established; a construction project price-management system that fits
the requirements of the market economy should be set up; a reasonable
organizational framework of the sector should be established; a modern
enterprise system should be set up in the vast majority of State-owned
key enterprises; the quality of construction projects, especially of
residences, will be largely improved and heavy casualty rates should be
effectively controlled; the quality of the construction sector as a whole
must be significantly improved; the Chinese construction industry's
position and market share on the international contract market will be
promoted; a framework of legal systems concerning the construction sector
need to be established.

China's construction industry achieved 646.2 billion yuan in total output
value in 2001, accounting for 6.7 percent of the nation's gross domestic
product (GDP). China's construction industry realized 704.7 billion yuan
in total output value in 2002 -- an increase of 10.54 percent from the
previous year's 637.5 billion yuan -- accounting for 6.9 percent of the
national GDP.

Construction enterprises reached 45,893 by the end of 2001, employing
21,106,600 people and generating 1,536.156 billion yuan in output value
and 402.357 billion yuan in added value. Areas under construction totaled
1,883,286,800 square meters; completed areas covered 976.99 million
square meters. Profits totaled 29.439 billion yuan in the year, with
taxes at 49.903 billion yuan.

Of the enterprises, 44,997 were Chinese with 20,986,800 staff members.
The companies reaped 1,518.595 billion yuan in output value in 2001 and
398.022 billion yuan in added value. Areas under construction numbered
1,874,480,800 square meters and completed areas completed covered
972.532,300 square meters. Profits reached 28.83 billion yuan, with taxes
at 49.392 billion yuan.

The figures:
State-owned enterprises: 8,264; employees: 5.9065 million; output value:
536.281 billion yuan; added value: 142.652 billion yuan; areas under
construction: 466.2751 million square meters; completed areas: 203.3816
million square meters; total profits: 3.27 billion yuan; taxes: 17.295
billion yuan.

Collective enterprises: 17,276; employees: 6.7299 million; total output
value: 332.755 billion yuan; added value: 90.396 billion yuan; areas
under construction: 552.0917 million square meters; completed areas:
326.1302 million square meters; total profits: 7.873 billion yuan; taxes:
11.496 billion yuan.

Industrial structure:
The construction industry's total output value was 1,536.156 billion yuan
in 2001. Of that amount, 1348.595 billion yuan was generated by civil
engineering, which accounted for 87.79 percent of the total; 1008.601
billion yuan by housing construction; 13.396 billion yuan by mine
construction and 219.832 billion yuan in the construction of railways,
tunnels, highways and bridges, accounting for 65.66, 0.87 and 14.31
percent of the total respectively. The output value of wire lines,
pipelines and equipment installation was 138.044 billion yuan -- 8.99
percent of the total, including 68.81 billion yuan from equipment
installation -- 4.48 percent of the total. The output value of building
retrofitting and decorations was 49.518 billion yuan -- 3.22 percent of
the total.

The construction industry has maintained a strong level of development in
China in recent years demonstrating a higher growth than that of its
gross national product. The industry's output value increased 10.19
percent in 1997, 10.25 percent in 1998, 10.84 percent in 1999, 12.06
percent in 2000 and 22.91 percent in 2001. With the steady development of
the national economy, the construction industry will continue its
momentum of growth in the coming years.

The following are the development plans for the three municipalities of
China during the Tenth Five-Year Plan: Beijing will invest 800 billion
yuan in fixed assets; Shanghai, 1,000 billion yuan, including 400 billion
yuan in key construction projects; and Chongqing, 520 billion yuan. At
the same time, the country plans to inject more than 240 billion yuan
into 107 key infrastructure facility construction projects west China.
South China's Guangdong Province, for example, is expected to invest
383.2 billion yuan in fixed assets in 2002. Based on the above figures,
the total investment scale of China's major provinces and cities will
reach 4 trillion yuan in the coming five to 10 years.

(Source: China Statistical Yearbook 2002)

(For more biz stories, please visit Industry Updates)

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