Explanatory Notes on Main Statistical Indicators

Gross Regional Product (GRP) is calculated at market prices. It represents the final results of all resident units in an area from their productive activities over a given period of time. It is expressed from three different perspectives respectively, namely value, income, and product. GRP from the value perspective refers to the total value of all goods and services produced by all resident units during a certain period of time, minus the total value of input of goods and services of the nature of non-fixed assets; in other words, it is the sum of added value of all resident units. GRP from the income perspective is the sum of primary incomes created by all resident units and distributed to resident and non-resident units. GRP from the product perspective means the finally used goods and services minus the imported goods and services. In actual national accounting, gross regional product is calculated in three methods, namely production method, income method and expenditure method, which reflect the gross regional product and its composition from different angles.

Three Industries means the division of industrial structure according to the historical sequence of social productive activities. The sector which receives products directly from nature is called the primary industry. The sector which re-processes primary products is called the secondary industry. The sector which offers various services for production and consumption is called the tertiary industry. This is a universal classification of industrial structure. However, the classification of three industries may vary in different countries. As stated in China’s standards on Classification of Sectors in National Economy Version 2011: The primary industry refers to agriculture, forestry, animal production and hunting, fishing (excluding service activities for agriculture, forestry, animal husbandry and fishing); secondary industry refers to mining and quarrying (excluding mining support service activities), manufacturing (excluding repair of fabricated metal products, machinery and equipment), production and distribution of electricity, heating power, gas and water and construction; the tertiary industry refers to others excluding the primary and secondary industries.

Final Consumption Rate (Consumption Rate) It usually refers to the proportion of final consumption in GDP (GRP) within a certain period, and is generally calculated at current price.

Final Consumption Rate (Consumption Rate) = Final Consumption / GDP (GRP) × 100%

Capital Formation Rate (Investment Rate) It usually refers to the proportion of total capital formation in GDP (GRP) within a certain period, and is generally calculated at current price.

Capital Formation Rate (Investment Rate) = Total Capital Formation / GDP (GRP) ×100%

Statistical Classification of Some New Industries:

1. Strategic Emerging Industries Strategic emerging industries refer to the industries that are based on major technological breakthroughs and major development needs, play important leading and driving role in the overall economic and social situation and in the long-term development, are knowledge and technology intensive, consume little material resources, with great growth potential and good comprehensive benefits. The strategic emerging industries include 9 major areas which are respectively the new generation of information and technology industry, high-end equipment manufacture industry, new material industry, bioindustry, new-energy automobile industry, new energy industry, energy conservation and environmental protection industry, digital creative industry and related services industry.

2. High-tech Industry High-tech industry mainly means the set of activities related to high-tech products. It is classified by the National Bureau of Statistics on the basis of Classification of National Economic Sectors (GB/T 4754-2011), taking into consideration the features of high-tech industry and combining the actual situation of China. The national statistical standard for information industry was implemented in 2013 in Beijing. Including the high-tech manufacturing industry and high-tech service industry.

3. Modern Manufacturing Industry Modern manufacturing industry mainly means the manufacturing industry equipped with modern science and technology. Modern manufacturing is an industrial organization system with large content of technology, great added value and long industrial chain, with features of modern integrated manufacturing, intensive knowledge, efficient manufacturing, using modern manufacturing technologies, modern production organization system and modern management concepts. The standard for modern manufacturing industry is formulated by the Beijing Municipal Bureau of Statistics on the basis of Classification of National Economic Sectors (GB/T 4754-2011), taking into consideration the features of modern manufacturing industry, merging the sectors meeting basic requirements and combining the actual situation of Beijing. The statistical standard for modern manufacturing industry was implemented in 2005 in Beijing.

 4. Modern Service Modern service is in contrast with conventional service. It is a service sector with great content of high technology and great content of culture, which has emerged and developed to meet the need of modern people and modern cities’ development. Modern service industry has new service fields, new service modes, high cultural taste and great content of high technology. The standard for modern service industry is formulated by the Beijing Municipal Bureau of Statistics on the basis of Classification of National Economic Sectors (GB/T 4754-2011), taking into consideration the features of modern service industry, merging the sectors meeting basic requirements and combining the actual situation of Beijing. The statistical standard for modern service industry was implemented in 2005 in Beijing.

5. Information Industry Information industry mainly means the set of activities related to electronic information. It is classified by the National Bureau of Statistics on the basis of Classification of National Economic Sectors (GB/T 4754-2011) by referring to the International Standard Classification of Industries for All Economic Activities of the United Nations and combining the actual situation of China. The national statistical standard for information industry was implemented in 2004 in Beijing.