China Economic Development in Jiangsu Province

Public Disclosure Authorized

ReportNo. 9354-CHA

China EconomicDevelopmentin JiangsuProvince

June25, 1991 CountryOperationsDivision ChinaandMongoliaDepartment AsiaRegion

FOR OFFICIALUSEONLY

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,;

.i

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Public Disclosure Authorized

Public Disclosure Authorized

Public Disclosure Authorized

.Docmentof theWorld Bank

Thisdocumenthasatrestrictedlistributionandmaybeusedby recipients only in theperformanceof theifroffic'ialduties.Itscontentsmaynototherwise be disclosedwithoutWorld B3anakuthorization.

CURRENCY EQUIVALENTS

Currency Unit = Yuan (Y)

Up to December 15, 1989:

$1.00 = Y 3.72 Y 1.00 = $0.27

Up to November 29, 1990:

$ 1.00 = Y 4.72 Y 1.00 $0.21

Effective November 30, 1990:

$1.00 = Y 5.22 Y 1.00 = $0.19

FISCAL YEAR January - December

WEIGHTS AND MEASURES

km

=

ha

=

kWh

=

kg

=

unit of area

=

l ha

1 mu

-

kilometer hectare kilowatt hour kilogram mu 15 mu 0.067 ha

7FYP

=

8FYP

-

ABC

=

ADF

BF

=

BOCOM =

BOF

=

BOT

=

CAAC

=

CAM

=

CATEC =

CNC

=

COSCO =

CPC

=

CDE

=

DER

=

ABBREVIATIONS AND ACRONYMS

Seventh Five-Year Plan Eighth Five-Year Plan Agricultural Bank of China Agriculture Development Fund Budgetary Funds Bank of Communications Bureau of Finance Build, Operate and Transfer Back Civic Aviation Administration of China Computer Assisted Manufacturing County Agrotechnical Extension Center Computer Numerical Control China Ocean Shipping Corporation Communist Party of China Centrally Planned Economy Direct Export Right

EBF

EEC

n

EIA

EPB

=

FDI

=

FE

FEAC

FI

FTDF

FTC

GAC

=

GDP

GNP

GOC

=

GVAO =

GVIAO -

GVIO

GVO

IAIL =

IBRD =

ICOR

JASS

JEPB

JPCD =

JPPEC =

Jv

LDC

=

MFA

MOC

=

MOF

MOL

=

MOFERT =

NEPA =

NIC

=

O&M

=

PBC

=

PNE

=

PRC

=

PES

=

QR

R&D

=

ROC

=

RPI

=

RR

=

SAEC =

SB

=

SEZ

=

SOE

=

SMC

=

SPC

=

SRC

=

SSS

=

STC

=

SVS

=

ExtrabudgetaryFunds

FOR OMCIAL USEONLY

European Economic Community

EnviionmentalImpact Assessment

EnvironmentalProtectionBureau

Foreign Direct Investment

Foreign Exchange

Foreign Exchange Adjustment Center

Foreign Investment

Foreign Trade DevelopmentFund

Foreign Trade Corporation

General Administrationof Customs

Gross Domestic Product

Gross National Product

Government of China

Gross Value of AgriculturalOutput

Gross Value of Industrialand AgriculturalOutput

Gross Value of IndustrialOutput

Gross Value of Output

IntegratedAgricultureand IntensificationLoan

InternationalBank for Reconstructionand Development

IncrementalCapital Output Ratio

Jiangsu Academy of Social Science

Jiangsu EnvironmentalProtectionBureau

Jiangsu ProvincialCommunicationsDepartment

Jiangsu ProvincialPlanning and Economic Commission

Joint Venture

Less Developed Country

Multifiber Agreement

Ministry of Communications

Ministry of Finance

Ministry of Labor

Ministry of Foreign Economic Relation and Trade

National EnvironmentalProtectionAgency

Newly IndustrializedCountries

Operation and Maintenance

People's Bank of China

ProductionNetwork for Exports

People's Republic of China

ProductionResponsibilitySystem

QuantitativeRestriction

Research and Development

Rural Credit Cooperatives

Retail Price Index

Retention Right

State Administrationof Exchange Control

Specialized Bank

Special Economic Zone

State-OwnedEnterprise

State Material Supply Corporation

State Planning Commission

System Reform Commission

Secondary Specialized School

Science and TechnologyCommission

SecondaryVocational School

This document has a restrict i distributionand may be used by recipientsonly in the performance of their officialduties.Its contents maynot otherwisebe disclosedwithoutWorldBankauthorization.

SWS

=

TIC

TPEC -

TVCE =

TVE

UCMT =

VAT

-

WRF

=

ZSG

=

Skilled Worker School Township Industrial Corporation Township Planning and Economic Commission Township and Village Community Enterprise Township and Village Enterprise Urban Construction and Maintenance Tax Value Added Tax Wuxi Radio Factory Zhong Shen Group

CHINA

ECONOMIC DEVELOPMENTIN JIANGSU PROVINCE

Preface

This report is based on an economicmission which visited Jiangsu from September 9-26, 1990. Mission members includedChristineWallich (Mission Leader); Fernando Montes-Negret (deputy,resporsiblefor TVEs); Anand Rajaram (Industry,TechnologyPolicy and Foreign Direct Investment);Arvind Panagariya (Trade Policy); Caroline Jen (Educationand Labor); Jose Veniard (Transport);Roy Bahl (Consultant,Budget and Fiscal Policies);Steven McGurk (Consultant,Agriculture Policy); and Chen Xingdong (RMC). A mission consisting of Messrs. Montes-Negret,Rajaram and Chen visited Jiangsu on June 13-14, 1991 to discuss a draft version of this report with the provincialauthorities.

The mission was hosted by the Jiangsu Provincial Planning and Economic Commission, representedby Messrs. Guo Shiliang,Deputy Director,and Jiang Renzhao. A counterpartteam from JPPEC, consistingof Messrs. Wu Xingze, Yan Hao and Lu Hongwei accompaniedthe mission in the field. Mme. Tang Mei Hua (BOF) provided logisticalsupport.

The mission visited Nanjing and Wuxi in the sout of the province, togetherwith their associatedcounties; and Huaiyin and selected counties in the less well-off northern part of the province (Shuyangcounty). Discussions took place with a range of governmentbureaus/departmentsresponsible,inter alia, for the agriculture,industrial.material supply, fiscal,banking, foreign exchange and trade sectors, in addition to meetings with the Jiangsu Academy of Social Sciences (JASS);JPPEC (PlanningCommission)and System Reform Commission (SRC).

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