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Business / Economy

Statistical Communique on China's 2014 National Economic and Social Development

(National Bureau of Statistics of China) Updated: 2015-02-26 14:04

Post and telecommunication services grew fast. The turnover of post and telecommunication services[19] totaled 2,184.6 billion yuan, up 19.0 percent over the previous year. Of this total, post services amounted 369.6 billion yuan, up 35.6 percent, and telecommunication services 1,815.0 billion yuan, up 16.1 percent. In post services, the number of mail delivery reached 5.61 billion, parcel delivery 60 million and express delivery 13.96 billion. The revenue from express delivery reached 204.5 billion yuan. In telecommunication services, the newly increased capacity of mobile phone switchboard[20] was 79.80 million lines with the total capacity reaching 2,045.37 million lines. By the end of 2014, there were 1,535.52 million phone subscribers in China, of which 249.43 million were fixed telephone subscribers and 1,286.09 million were mobile phone users. Fixed telephone coverage went down to 18.3 sets per 100 persons, while mobile phone coverage rose to 94.5 sets per 100 persons. The number of fixed broadband users[21] reached 200.48 million, increased by 11.57 million over the previous year; while that of the mobile broadband users[22] was 582.54 million, an increase of 180.93 million. The number of Internet users was 649 million, grew by 31.17 million. Of the total, 557 million were mobile Internet surfers[23], an increase of 56.72 million. The coverage of Internet was 47.9 percent.

Statistical Communique on China's 2014 National Economic and Social Development

The year 2014 registered 3.61 billion domestic tourists, up 10.7 percent over the previous year. The revenue from domestic tourism totaled 3,031.2 billion yuan, up 15.4 percent. The number of inbound visitors to China totaled 128.49 million, a decrease of 0.5 percent. Of this total, 26.36 million were foreigners, up 0.3 percent; and 102.13 million were Chinese compatriots from Hong Kong, Macao and Taiwan, down by 0.6 percent. Of all the inbound tourists, overnight visitors counted 55.62 million, almost the same as that in the previous year. Foreign exchange earnings from international tourism topped 56.9 billion US dollars, up 10.2 percent. The number of China’s outbound visitors totaled 116.59 million, up 18.7 percent. Of this total, 110.03 million were on private visits, a year-on-year rise of 19.6 percent.

VIII. Financial Intermediation

The performance of the financial market was generally stable. By the end of 2014, money supply of broad sense (M2) was 122.8 trillion yuan, reflecting an increase of 12.2 percent. Money supply of narrow sense (M1) was 34.8 trillion yuan, up 3.2 percent. Cash in circulation (M0) was 6.0 trillion yuan, up 2.9 percent.

In 2014, the total social financing[24] reached 16.5 trillion yuan, decreased by 859.8 billion yuan over 2013 on a comparable basis. Savings deposit in Renminbi and foreign currencies in all items of financial institutions totaled 117.4 trillion yuan at the end of 2014, an increase of 10.2 trillion yuan. Of this total, the savings deposit in Renminbi stood at 113.9 trillion yuan, an increase of 9.5 trillion yuan. Loans in Renminbi and foreign currencies in all items of financial institutions reached 86.8 trillion yuan, an increase of 10.2 trillion yuan. Of this total, loans in Renminbi were 81.7 trillion yuan, an increase of 9.8 trillion yuan.

Table 15: Savings Deposit and Loans in RMB and Foreign Currencies in All Financial Institutions and the Growth Rates at the End of 2014

Item

Year-end figure

(100 million yuan)

Increase over 2013 (%)

Savings deposit

1173735

9.6

By households

506890

8.9

Deposits in RMB

502504

8.9

By non-financial enterprises

400420

5.4

Loans

867868

13.3

Domestic short-term loans

336371

7.9

Domestic medium and long-term loans

471818

15.0

Loans in Renminbi from rural financial institutions (rural credit cooperatives, rural cooperation banks and rural commercial banks) totaled 10,574.2 billion yuan by the end of 2014, an increase of 1,410.5 billion yuan as compared with the beginning of the year. The loans in Renminbi for consumption use from all financial institutions totaled 15,366.0 billion yuan, an increase of 2,393.8 billion yuan. Of all consumption loans, short-term loans for individuals totaled 3,249.1 billion yuan, an increase of 590.2 billion yuan, and medium- and long-term loans for individuals reached 12,116.9 billion yuan, an increase of 1,803.7 billion yuan.

Funds raised in 2014 by enterprises through issuing stocks and share rights on stock market amounted to 839.7 billion yuan, an increase of 151.2 billion yuan from the previous year. Of this total, 125 A-shares were issued, receiving 66.9 billion yuan worth of capital altogether. The refinancing of A-shares (including rationing shares, public newly issued, nonpublic newly issued[25] and warrants) received 416.5 billion yuan worth of capital, an increase of 136.2 billion yuan from 2013. The listed companies financed 356.3 billion yuan through convertible bonds, bonds with attached warrants, corporate bonds and SME private placement bonds, a decrease of 51.9 billion yuan. A total of 51 growth enterprise board stocks were issued, receiving 15.9 billion yuan.

In 2014, 5.15 trillion yuan corporate debenture bonds[26] were issued, an increase of 1.48 trillion yuan over the previous year.

The premium[27] received by the insurance companies totaled 2,023.5 billion yuan in 2014, up 17.5 percent over the previous year. Of this total, life insurance premium amounted to 1,090.2 billion yuan, health and casualty insurance premium 213.0 billion yuan, and property insurance premium 720.3 billion yuan. Insurance companies paid an indemnity worth of 721.6 billion yuan, of which, life insurance indemnity was 272.8 billion yuan, health and casualty insurance indemnity 70.0 billion yuan, and property insurance indemnity 378.8 billion yuan.

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