ution, soil erosion,
and the steady fall of the water table especially in the north.

National product: GDP - purchasing power parity - $2.9788 trillion
(1994 estimate as extrapolated from World Bank estimate for 1992 by
use of official Chinese growth statistics for 1993-94; because of the
difficulties with official statistics in this time of rapid change,
the result may overstate China's GDP by as much as 25%)

National product real growth rate: 11.8% (1994 est.)

National product per capita: $2,500 (1994 est.)

Inflation rate (consumer prices): 25.5% (December 1994 over December
1993)

Unemployment rate: 2.7% in urban areas (1994); substantial
underemployment

Budget: deficit $13.7 billion (1994)

Exports: $121 billion (f.o.b., 1994)
commodities: textiles, garments, footwear, toys, machinery and
equipment, weapon systems
partners: Hong Kong, Japan, US, Germany, South Korea, Russia (1993)

Imports: $115.7 billion (c.i.f., 1994)
commodities: rolled steel, motor vehicles, textile machinery, oil
products, aircraft
partners: Japan, Taiwan, US, Hong Kong, Germany, South Korea (1993)

External debt: $100 billion (1994 est.)

Industrial production: growth rate 17.5% (1994 est.)

Electricity:
capacity: 162,000,000 kW
production: 746 billion kWh
consumption per capita: 593 kWh (1993)

Industries: iron and steel, coal, machine building, armaments,
textiles and apparel, petroleum, cement, chemical fertilizers,
consumer durables, food processing, autos, consumer electronics,
telecommunications

Agriculture: accounts for almost 30% of GDP; among the world's largest
producers of rice, potatoes, sorghum, peanuts, tea, millet, barley,
and pork; commercial crops include cotton, other fibers, and oilseeds;
produces variety of livestock products; basically self-sufficient in
food; fish catch of 13.35 million metric tons (including fresh water
and pond raised) (1991)

Illicit drugs: illicit producer of opium; bulk of production is in
Yunnan Province (which produced 25 metric tons in 1994); transshipment
point for heroin produced in the Golden Triangle

Economic aid:
donor: to less developed countries (1970-89) $7 billion
recipient: US commitments, including Ex-Im (FY70-87), $220.7 million;
Western (non-US) countries, ODA and OOF bilateral commitments
(1970-87), $13.5 billion

Currency: 1 yuan (Y) = 10 jiao

Exchange rates: yuan (Y) per US$1 - 8.4413 (January 1995),