Explanatory Notes on Main Statistical Indicators

 

Corporate units refer to units meeting such conditions as: (1) established according to law, having its own name, organization and site, capable of assuming civil responsibilities independently; (2)independently owning and using (or using under authority) assets and assuming liabilities, having the right to signing contracts with other units; (3) keeping independent accounts, capable of preparing balance sheet. Corporate units include enterprise, public institutions, government agencies, social groups, and civilian-run enterprises as corporate units and other corporate units.

Single-industry Corporate Units refer to those located at one site and mainly engaged in one sort of social economic activity.

Multi-industry Corporate Units refer to those located at several sites and engaged in multiple economic activities. A multi-industry unit consists of two or more establishments.

Establishments are attached to corporate units. They shall meet such conditions as: (1)  conducting one or mainly conducting one economic activity at one site; (2) organizing production, operation or business activities in a relatively independent manner; (3) capable of getting business accounting data such as income and payment.

Type of Registration applies for various enterprises registered in the administration for industry and commerce, and applies for administrative agencies, public institutions, social groups and other economic organizations by reference.

State-owned Enterprises refer to non-corporation economic units where the entire assets are owned by the state and which have registered in accordance with the Regulation of the People’s Republic of China on the Management of Registration of Corporate Enterprises, which excluding sole state-funded corporations in the limited liability corporations.

Collective-owned Enterprises refer to economic units where the assets are owned collectively and which have registered in accordance with the Regulation of the People’s Republic of China on the Management of Registration of Corporate Enterprises.

Cooperative Enterprises refer to a form of collective economic units (enterprises) where capitals come mainly from employees as their shares, with certain proportion of capital from the outside, where production is organized on the basis of independent operation, independent accounting for profits and losses, joint work, democratic management, a distribution system that integrates distribution according to work with distribution according to capital share.

Joint Ownership Enterprises refer to economic units established by two or more corporate enterprises or corporate institutions of the same or different ownership, through joint investment on the basis of equality, voluntary participation and mutual benefits. They include state joint ownership enterprises, collective joint ownership enterprises, joint state-collective enterprises and other joint ownership enterprises.

Limited Liability Corporations refer to economic units established with investment from 2-50 investors and registered in accordance with the Regulation of the People’s Republic of China on the Management of Registration of Corporations, each investor bearing limited liability to the corporation depending on its share of investment, and the corporation bearing liability to its debt to the maximum of its total assets. Limited liability corporations include exclusive state-funded limited liability corporations and other limited liability corporations.

Share-holding Corporations Ltd. refer to economic units registered in accordance with the Regulation of the People’s Republic of China on the Management of  Registration of Corporations, with total registered capitals divided into equal shares and raised through issuing stocks. Each investor bears limited liability to the corporation depending on the holding of shares, and the corporation bears liability to its debt to the maximum of its total assets.

Private Enterprises refer to profit-making economic units invested and established by natural persons or controlled by natural persons using employed labor. Private enterprises include private limited liability corporations, private share-holding corporations Ltd., private partnership enterprises and private-funded enterprises registered in accordance with the Corporation Law, Partnership Enterprises Law, Interim Regulations on Private Enterprises and Sole Proprietorship Enterprise Law.

Other Domestic-funded Enterprises refer to domestic-funded economic units other than those mentioned above.

Enterprises funded by Hong Kong, Macao and Taiwan investors refer to enterprises established as joint ventures, cooperative enterprises, wholly-funded enterprises and joint-stock companies limited in the mainland of China by investors from Hong Kong, Macao and Taiwan in accordance with laws and rules of the People’s Republic of China on foreign-related economy.  In case the share of investment from Hong Kong, Macao and Taiwan is less than 25% of the total registered capital, the enterprise is to be classified as domestic-funded joint stock corporation Ltd.

Foreign-funded Enterprises refer to enterprises established as joint ventures, cooperative enterprises, wholly-funded enterprises and joint-stock companies limited in the mainland of China by foreign enterprises or foreigners in accordance with laws and rules of the People’s Republic of China on foreign-related economy. In case the share of foreign investment is less than 25% of the total registered capital, the enterprise is to be classified as domestic-funded joint stock corporation Ltd.

Changes to the main framework of the Classification and Codes of Sectors in National Economy Version GB/T 4754-2002 as compared with the former Version GB/T 4754-1994:

Sectors added: a). information transmission, computer service and software sectors, b). leasing and business service sectors, c). accommodation, food and drink sector, d). water conservancy, environment, public facility management sectors, e). education, f). international organizations.

Sectors with name or range changed: a).agriculture, forestry, livestock raising, fishery, b). mining, c). manufacturing, d). transportation, warehouse storage, postal service, e). wholesale and retail trades, f). finance, g). scientific research, technical service, geologic survey, h). residents service and other service sectors, i). health, social security, and social welfare, j). culture, sports and entertainment, k). public management social organizations.

Sectors cancelled: a). geologic survey, water conservancy management, b). other sectors.

Employment Elasticity Factor is a function for the research of the relationship between economic development and job increase. It refers to a ratio of labor employment growth rate to economic growth rate. Economically, it means: how many percentage points will be brought for the growth of jobs by every one percent of economic growth.